• AUD/USD: Fading moves to the extremes of the 0.6350-0.6900 target range – Credit Suisse

Noticias del mercado

2 agosto 2023

AUD/USD: Fading moves to the extremes of the 0.6350-0.6900 target range – Credit Suisse

Economists at Credit Suisse remain alert to the possibility of stronger data surprises, and restate their firmly neutral stance on AUD/USD, as per the 0.6600 end-Q3 target.

Going nowhere fast 

We remain sceptical of the market’s shift to a clearly dovish RBA outlook and remain alert to the possibility of near-term corrections, e.g. on occasion of the SOMP release on 4 Aug or of the Q2 wage price index and July employment data in mid-Aug. 

We stay neutral on AUD/USD with an end Q3 target of 0.6600 and remain committed to fading moves close to the extremes of our Q3 range between 0.6350 and 0.6900.

 

Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: