Home AUD/USD: Downside bias soon – OCBC

AUD/USD: Downside bias soon – OCBC

Published date: 23 Apr. 2020 | 09:27

The bounces in the AUD/USD are losing altitude, leaving the pair still locked in a slight downward drift, Terence Wu from OCBC Bank informs.

Key quotes

“The AUD/USD appears to be locked in a wide 0.6250 to 0.6400 range for now.”

“We expect directionality to be stronger once either extremes are broken meaningfully.”

“Risk-reward, however, seems to favour a downside break.”

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