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AUD/USD supported around 0.7160 – OCBC

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 1, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - The Aussie dollar remains well supported around 0.7160, according to Emmanuel Ng, FX Strategist at OCBC Bank.

    Key Quotes

    “Pending the RBA statement later today, markets may continue to “chill” in the wake of Stevens comments from last week and remain supportive of the AUD in the interim”.

    “At this juncture, 0.7350 may cap while the 55-day MA (0.7160) is still expected to cushion on dips”.
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