19 Feb 2015
Outlook for AUD crosses – ANZ
FXStreet (Barcelona) - The Research Team at ANZ gives the outlook for AUD crosses, highlighting the expected trading ranges for the pairs.
Key Quotes
“AUD/USD: The AUD pushed back towards the top of its recent range as the domestic calendar remained empty and the Fed’s minutes proved a touch more dovish than expected.”
“With little to drive the AUD today it is likely to remain within its tight range until the Fed speaks again early next week.”
“Expected range: 0.7700 – 0.7850”
“AUD/NZD: The AUD/USD remains range-bound, while the NZD continues to push higher. Today’s reading of ANZ New Zealand consumer confidence is likely to highlight the trans-Tasman divergence in “animal spirits”, keeping pressure on this cross.”
“Expected range: 1.0300 – 1.0380”
“AUD/EUR: The Greeks are reported to be a day away from requesting a 6 month extension to their current bail-out and USD data was weak, yet EUR/USD remained in a range ahead of tonight’s inaugural ECB minutes.”
“Expected range: 0.6800 – 0.6920”
“AUD/JPY: The BoJ left policy unchanged and a period of stability remains the likely course for BoJ policy, leaving AUD/JPY driven by its beta to global events.”
“Expected range: 91.70 – 93.50”
Key Quotes
“AUD/USD: The AUD pushed back towards the top of its recent range as the domestic calendar remained empty and the Fed’s minutes proved a touch more dovish than expected.”
“With little to drive the AUD today it is likely to remain within its tight range until the Fed speaks again early next week.”
“Expected range: 0.7700 – 0.7850”
“AUD/NZD: The AUD/USD remains range-bound, while the NZD continues to push higher. Today’s reading of ANZ New Zealand consumer confidence is likely to highlight the trans-Tasman divergence in “animal spirits”, keeping pressure on this cross.”
“Expected range: 1.0300 – 1.0380”
“AUD/EUR: The Greeks are reported to be a day away from requesting a 6 month extension to their current bail-out and USD data was weak, yet EUR/USD remained in a range ahead of tonight’s inaugural ECB minutes.”
“Expected range: 0.6800 – 0.6920”
“AUD/JPY: The BoJ left policy unchanged and a period of stability remains the likely course for BoJ policy, leaving AUD/JPY driven by its beta to global events.”
“Expected range: 91.70 – 93.50”