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23 Nov 2015
AUD/USD could consolidate between 0.7150-0.7300 – OCBC
FXStreet (Edinburgh) - The Aussie dollar could attempt a sideline pattern between 0.7150-0.7300 in the near term vs. the greenback.
Key Quotes
“The data calendar is fairly sparse this week for the AUD apart from scheduled RBA appearances”.
“On the CFTC front, implied net leveraged AUD shorts were further built up for the third consecutive week but the current mood to pursue the Risk-On dynamic may lead the pair higher in the short term within a 0.7150-0.7300 range”.
Key Quotes
“The data calendar is fairly sparse this week for the AUD apart from scheduled RBA appearances”.
“On the CFTC front, implied net leveraged AUD shorts were further built up for the third consecutive week but the current mood to pursue the Risk-On dynamic may lead the pair higher in the short term within a 0.7150-0.7300 range”.