12 Dec 2014
AUD/USD 0.8200 support under threat – OCBC
FXStreet (Barcelona) - The OCBC Bank Research Team notes that the 0.8200 support for the AUD/USD pair is still under threat after RBA’s Stevens made a statement favouring .7500 levels for the pair.
Key Quotes
“Expect the AUD to continue to feel the heat with the RBA’s Stevens stating in a newspaper interview that, “…And if I had to pick a figure now, I would say probably 75 (0.7500) is better than 85 (0.8500)”. With the writing on the wall, we remain heavy on the pair with the 0.8200 support still under threat.“
Key Quotes
“Expect the AUD to continue to feel the heat with the RBA’s Stevens stating in a newspaper interview that, “…And if I had to pick a figure now, I would say probably 75 (0.7500) is better than 85 (0.8500)”. With the writing on the wall, we remain heavy on the pair with the 0.8200 support still under threat.“