Back
25 May 2015
Bearish on AUD/USD – ANZ
FXStreet (Barcelona) - Daniel Been, Senior FX Strategist at ANZ, maintains a long-term bearish view on AUD/USD, targeting 0.73 levels.
Key Quotes
“The AUD is consolidating and drivers for a large scale move are becoming less obvious.”
“That said, the incremental evidence on the domestic front still points to below trend growth and downside risks.”
“Offshore dynamics will likely trigger the next big move, but the coast looks clear in the very short term.”
“We remain structurally bearish on the AUD, targeting USD0.73 by December 2015.”
Key Quotes
“The AUD is consolidating and drivers for a large scale move are becoming less obvious.”
“That said, the incremental evidence on the domestic front still points to below trend growth and downside risks.”
“Offshore dynamics will likely trigger the next big move, but the coast looks clear in the very short term.”
“We remain structurally bearish on the AUD, targeting USD0.73 by December 2015.”