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Oct 9, 2015
AUD/USD outlook remains buoyant - ANZ
FXStreet (Bali) - AUD/USD remains buoyant, close to taking out resistance which comes in under 0.7300, notes ANZ.
Key Quotes
"The Aussie is doing its best to fly, and is close to taking out resistance which comes in under 0.7300. Markets are pricing out expectations for Fed tightening and pricing further stimulus from global central banks. This is resulting in demand for carry. However, there are still concerning signs, as too much of a reversal of tightening prospects is a worry sign for growth. Expected range: 0.7160 – 0.7350."
Key Quotes
"The Aussie is doing its best to fly, and is close to taking out resistance which comes in under 0.7300. Markets are pricing out expectations for Fed tightening and pricing further stimulus from global central banks. This is resulting in demand for carry. However, there are still concerning signs, as too much of a reversal of tightening prospects is a worry sign for growth. Expected range: 0.7160 – 0.7350."