11 Dec 2014
AUD/USD may remain in the 0.8200-0.8400 range – OCBC
FXStreet (Barcelona) - The OCBC Bank Research Team notes that AUD/USD may remain trapped within the 0.8200-0.8400 range as USD strength is counterbalanced by soft risk appetite levels.
Key Quotes
“Early this morning, the Aussie labor numbers came in mixed (bulk of jobs added stemmed from the part-time component) to better than expected but the data points were sufficient to keep the AUD-USD aloft. In the near term, the pair may remain trapped within a 0.8200-0.8400 range with dollar heaviness counterbalanced by soggy risk appetite levels. On other fronts, expect AUD-NZD heaviness to persist with market participants seeking to trade on the perceived RBA-RBNZ dichotomy.“
Key Quotes
“Early this morning, the Aussie labor numbers came in mixed (bulk of jobs added stemmed from the part-time component) to better than expected but the data points were sufficient to keep the AUD-USD aloft. In the near term, the pair may remain trapped within a 0.8200-0.8400 range with dollar heaviness counterbalanced by soggy risk appetite levels. On other fronts, expect AUD-NZD heaviness to persist with market participants seeking to trade on the perceived RBA-RBNZ dichotomy.“