AUD/USD supported around 0.7190 – OCBC

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 27, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Edinburgh) - Emmanuel Ng, FX Strategist at OCBC Bank, suggested the pair could remain well supported around 0.7190.

    Key Quotes

    “The AUD underperformed across the board on Thursday in the wake of the disappointing capex numbers with the pair threatening to test the lower bound of its 0.7200-0.7300 range”.

    “However, the overnight stabilization in metals and still sanguine investor appetite should cushion on dips into 0.7190”.
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