FXStreet (Edinburgh) – Emmanuel Ng, FX Strategist at OCBC Bank, suggested the pair could remain well supported around 0.7190.
Key Quotes
“The AUD underperformed across the board on Thursday in the wake of the disappointing capex numbers with the pair threatening to test the lower bound of its 0.7200-0.7300 range”.
“However, the overnight stabilization in metals and still sanguine investor appetite should cushion on dips into 0.7190”.
(Market News Provided by FXstreet)