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21 Aug 2015
AUD/USD: year-end target 0.7400 - TDS
FXStreet (Guatemala) - Analysts at TD Securities noted the conditions surrounding AUD/USD.
Key Quotes:
"The AUD has fallen around 4c to just over $US0.73 in the past month, but we see a trough forming for now."
"The RBA is not dovish enough for a further significant correction, we see another decent employment report, and iron ore seems to have found a floor. As the AUD is well below the long-run average of $US0.76, the urgency to jawbone is fading, and the market is already short. Our year end target is $US0.74."
Key Quotes:
"The AUD has fallen around 4c to just over $US0.73 in the past month, but we see a trough forming for now."
"The RBA is not dovish enough for a further significant correction, we see another decent employment report, and iron ore seems to have found a floor. As the AUD is well below the long-run average of $US0.76, the urgency to jawbone is fading, and the market is already short. Our year end target is $US0.74."