6 Jan 2015
AUD/USD support at 0.8000 under threat – OCBC
FXStreet (Barcelona) - The OCBC Bank Research Team anticipate the AUD/USD pair to remain range bound in the interim, with its 0.8000 support to likely remain under threat.
Key Quotes
“The shrinking November 14 trade deficit (-USD925mn) may underpin the AUD-USD in the interim pending further risk appetite fluctuations and the global data dump later today. On the domestic front, look also to the services index late Tuesday. Expect a range bound to heavy posture in the interim with the 0.8000 support likely still under threat. “
Key Quotes
“The shrinking November 14 trade deficit (-USD925mn) may underpin the AUD-USD in the interim pending further risk appetite fluctuations and the global data dump later today. On the domestic front, look also to the services index late Tuesday. Expect a range bound to heavy posture in the interim with the 0.8000 support likely still under threat. “