23 Feb 2015
AUD/USD bid above 0.7700 in the interim – OCBC
FXStreet (Barcelona) - Emmanuel Ng of OCBC Bank, views AUD/USD dips to be bought while the pair remains in the 0.7700-0.7900 range in the interim.
Key Quotes
“The AUD-USD remains largely unfazed by background fiscal concerns circulating from late last week (note cautionary comments from S&P on Thursday) with recent Greek headlines providing a brighter backdrop for risk-related currencies.”
“Thus, although CFTC leveraged net AUD shorts were increased in the latest week, markets may prefer to collect on dips in the interim within a 0.7700-0.7900 range.”
Key Quotes
“The AUD-USD remains largely unfazed by background fiscal concerns circulating from late last week (note cautionary comments from S&P on Thursday) with recent Greek headlines providing a brighter backdrop for risk-related currencies.”
“Thus, although CFTC leveraged net AUD shorts were increased in the latest week, markets may prefer to collect on dips in the interim within a 0.7700-0.7900 range.”