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29 Jul 2015
AUD/USD in range between 0.72-0.74 – OCBC Bank
FXStreet (Edinburgh) - In the view of FX Strategist at OCBC Bank Emmanuel Ng, the pair could keep the consolidative pattern between 0.72 and 0.74 in the near term.
Key Quotes
“Expect consolidative trade to persist with the AUD-USD seen trapped within a 0.7200-0.7400 band in the interim”.
“Apart from the potential ripples from the FOMC tonight, we note that the Aussie may continue to fight an uphill battle in the face of the still wobbly China/commodity outlook”.
Key Quotes
“Expect consolidative trade to persist with the AUD-USD seen trapped within a 0.7200-0.7400 band in the interim”.
“Apart from the potential ripples from the FOMC tonight, we note that the Aussie may continue to fight an uphill battle in the face of the still wobbly China/commodity outlook”.