OctaFX | OctaFX Forex Broker
Open trading account

AUD/USD: Sell on corrective retracements - JPMorgan

FXStreet (Bali) - Niall O'Connor, FX Strategist at JP Morgan, explains that corrective retracements in AUD/USD are selling opportunities.

Key Quotes

"The price action has developed with a renewed trending bias following the early- September breakdown below the .9200/50 support zone."

"While the decline is quickly approaching important support at the .8658 January low, we are monitoring for some pause/retracement."

"In line with the familiar theme, we sense corrective retracements are selling opportunities. Resistance at the .9000/.9115 levels should cap short term bounces while the .9200/50 zone should now represent a ceiling

BoE: Rate hike timing still unclear - Standard Chartered

As Standard Chartered notes, BoE policy makers still diverge on how quickly slack is being absorbed, and hence on rate-hike timing.
Read more Previous

Australia Retail Sales s.a. (MoM) below expectations (0.4%) in August: Actual (0.1%)

Read more Next
Start livechat