13 Feb 2015
AUD/USD: Headed to 0.7000 12 month view
FXStreet (Guatemala) - AUD/USD is currently trading at 0.7769 with a high of 0.7794 and a low of 0.7724.
AUD/USD remains consolidated into the remaining close of the week in the US session trading in a narrow range. Looking ahead, Jane Foley, Senior Currency Strategist at Rabobank said that her Bank maintains their forecast of AUD/USD0.70 on a 12 mth view. "In our view the RBA is likely to cut interest rates again this year."
Technically, Karen jones, chief analyst at Commerzbank explained that AUD/USD is attempting to recover, again held over the base of the 2013-2015 down channel at 0.7597. "Attention reverts to the 20 day ma at .7874, the 7th Jan low at .8034 and the key resistance offered by the downtrend at 0.8048."
AUD/USD remains consolidated into the remaining close of the week in the US session trading in a narrow range. Looking ahead, Jane Foley, Senior Currency Strategist at Rabobank said that her Bank maintains their forecast of AUD/USD0.70 on a 12 mth view. "In our view the RBA is likely to cut interest rates again this year."
Technically, Karen jones, chief analyst at Commerzbank explained that AUD/USD is attempting to recover, again held over the base of the 2013-2015 down channel at 0.7597. "Attention reverts to the 20 day ma at .7874, the 7th Jan low at .8034 and the key resistance offered by the downtrend at 0.8048."