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30 Oct 2015
AUD/USD fade rallies towards 0.7151 – OCBC
FXStreet (Edinburgh) - Emmanuel Ng, FX Strategist at OCBC Bank, has recommended selling the Aussie dollar on tests of the 0.7150 area vs. the greenback.
Key Quotes
“We note that a not insignificant portion of the market is still angling for a RBA rate cut in early 2016”.
“Overall, we would continue to favor fading upside tests towards the 55- day MA (0.7151) with downside at 0.7040/50 a viable proposition”.
Key Quotes
“We note that a not insignificant portion of the market is still angling for a RBA rate cut in early 2016”.
“Overall, we would continue to favor fading upside tests towards the 55- day MA (0.7151) with downside at 0.7040/50 a viable proposition”.