23 Feb 2015
Outlook for AUD crosses – ANZ
FXStreet (Barcelona) - FX Strategists at ANZ, share the outlook and key levels for AUD crosses.
Key Quotes
“AUD/USD: The AUD traded in a tight range with crosses pressuring it higher, but ahead of the Humphrey Hawkins testimony it was unable to break its recent high.
“With the domestic data pulse remaining quiet, offshore events will be the primary driver of the AUD.”
“Expected range: 0.7760 – 0.7920”
“AUD/NZD: The strong reversion after Thursday’s new post-float low indicates reluctance to drive this cross too much further at this stage.”
“Markets keen to own AUD on reversion potentially see a safer trade in AUD/NZD than in AUD/USD.”
“Expected range: 1.0375 – 1.0460”
“AUD/EUR: Europe managed to kick the can four months further down the road with an agreement to extend the current deal for four months.”
“Expected range: 0.6810 – 0.6950”
“AUD/JPY: Expected range: 92.20 – 94.30”
Key Quotes
“AUD/USD: The AUD traded in a tight range with crosses pressuring it higher, but ahead of the Humphrey Hawkins testimony it was unable to break its recent high.
“With the domestic data pulse remaining quiet, offshore events will be the primary driver of the AUD.”
“Expected range: 0.7760 – 0.7920”
“AUD/NZD: The strong reversion after Thursday’s new post-float low indicates reluctance to drive this cross too much further at this stage.”
“Markets keen to own AUD on reversion potentially see a safer trade in AUD/NZD than in AUD/USD.”
“Expected range: 1.0375 – 1.0460”
“AUD/EUR: Europe managed to kick the can four months further down the road with an agreement to extend the current deal for four months.”
“Expected range: 0.6810 – 0.6950”
“AUD/JPY: Expected range: 92.20 – 94.30”