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10 Dec 2014
AUD/USD likely to probe 0.81 handle
FXStreet (Guatemala) - AUD/USD is trading at 0.8294, down -0.04% on the day, having posted a daily high at 0.8350 and low at 0.8264.
AUD/USD is sliding and putting the 0.83 handle under pressure and the gains that it has made this week. The Aussie carry is losing its appeal as we are reading along thin ice in respect to global risk concerns, with Greece and China’s on going data misses continuing to alarm investors.
The Australian dollar continues to be put under pressure from global macro developments in a nut-shell and the RBA is likely going to need to act on its interest wait and see policy.
Analysts at Westpac Banking Corporation suggested, on the AUD, that stabilization is probably the best we can expect for crosses short-term while AUD/USD seems likely to at least probe the 0.81 handle before price action becomes more two-way.
AUD/USD is sliding and putting the 0.83 handle under pressure and the gains that it has made this week. The Aussie carry is losing its appeal as we are reading along thin ice in respect to global risk concerns, with Greece and China’s on going data misses continuing to alarm investors.
The Australian dollar continues to be put under pressure from global macro developments in a nut-shell and the RBA is likely going to need to act on its interest wait and see policy.
Analysts at Westpac Banking Corporation suggested, on the AUD, that stabilization is probably the best we can expect for crosses short-term while AUD/USD seems likely to at least probe the 0.81 handle before price action becomes more two-way.