9 Apr 2015
AUD/USD range-play expected – OCBC
FXStreet (Barcelona) - Emmanuel Ng of OCBC Bank, expects that AUD/USD might remain in the 0.7530-0.7756 range in the interim.
Key Quotes
“A better looking risk appetite environment despite softening commodities left the AUD-USD higher on the day despite the broad dollar attempting to climb higher.”
“In the interim, range trading behavior may continue to prevail, with the pair expected to be book-ended by 0.7530 on the downside and the 55-day MA (0.7756) topside.”
Key Quotes
“A better looking risk appetite environment despite softening commodities left the AUD-USD higher on the day despite the broad dollar attempting to climb higher.”
“In the interim, range trading behavior may continue to prevail, with the pair expected to be book-ended by 0.7530 on the downside and the 55-day MA (0.7756) topside.”