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14 Jan 2015
Bears continue to circle AUD – MP
FXStreet (Barcelona) - Stuart McPhee, Currency Analyst at MarketPulse, notes that bears continue to eye the AUD, with analysts suggesting to see the AUD/USD rally, as long-term bias remains negative.
Key Quotes
“The Australian dollar recovered some lost ground in recent sessions, but analysts remain bearish on the currency, with some tipping a slide to the Australian central bank’s $0.75 target this year.”
““The market still appears to be short Aussie. While we are seeing some degree of consolidation, you should definitely sell the rally because the long-term bias is lower,” Callum Henderson, global head of FX Research at Standard Chartered, said.”
Key Quotes
“The Australian dollar recovered some lost ground in recent sessions, but analysts remain bearish on the currency, with some tipping a slide to the Australian central bank’s $0.75 target this year.”
““The market still appears to be short Aussie. While we are seeing some degree of consolidation, you should definitely sell the rally because the long-term bias is lower,” Callum Henderson, global head of FX Research at Standard Chartered, said.”