AUD/USD breaking up through 100 DMA – Scotiabank

FXStreet (Guatemala) – Analysts at Scotiabank noted that AUD/USD is up and around its 100 day MA (0.7208) for a third consecutive session.

Key Quotes:

“RBA Gov. Stevens’ most recent speech had a limited impact on AUD, generating a brief decline likely resulting from a reiteration of concern about downside risks to inflation.”

“The greatest near term risk for AUD lies with the release of private CAPEX data and its implications for next week’s RBA meeting.”

“Consensus is looking to a hold, with only two of the 28 Bloomberg survey respondents looking to a 25bpt cut to 1.75%.”

Analysts at Scotiabank noted that AUD/USD is up and around its 100 day MA (0.7208) for a third consecutive session.


(Market News Provided by FXstreet)