28 Jan 2015
AUD/USD consolidation expected at 0.78-0.82 – TDS
FXStreet (Edinburgh) - AUD/USD consolidation expected at 0.78-0.82 – TDS
Strategists at TD Securities now see a lower trading range for AUD/USD.
Key Quotes
“Our prior big-picture AUD trading range for 2015 was $US0.80-88, a lower range compared with recent years”.
“However, as inflation is lower and the RBA is on hold for longer, a new lower range is likely and we target $US0.78- 82”.
Strategists at TD Securities now see a lower trading range for AUD/USD.
Key Quotes
“Our prior big-picture AUD trading range for 2015 was $US0.80-88, a lower range compared with recent years”.
“However, as inflation is lower and the RBA is on hold for longer, a new lower range is likely and we target $US0.78- 82”.