AUD/USD well supported around 0.7200 – OCBC

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Edinburgh) - Emmanuel Ng, FX Strategist at OCBC Bank, stressed the relevance of the 0.72 handle as support for the Aussie dollar vs. the greenback.

    Key Quotes

    “This morning, the AUD-USD was knocked off early highs after Sep employment change disappointed at -5.1k but the pair may remain supported on initial dips towards 0.7270/00”.

    “On the upside, expect some loss of momentum into 0.7360/80 if hints of investor caution remain humming in the background”.
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