A$US$ consolidates and targets a fresh break higher

July 10, 2018

Currency Brief 

 

Good morning all;

 

AUDUSD: Made a second attempt to reach 0.75c, but was unable to push above 0.7485 – the previous market high that we saw on Monday. Traditionally focus would be on Thursday nights US inflation data for the spark that forces a long term break of the 0.7450-75c range. However the way the market is moving at the moment, with concerns easing on recent negative news and US Fed rate hikes priced in, I’ll continue to favour further upside.

My forecast remains for a recovery past 0.75c towards 0.77c, being last months highs.

 

Jim Devonport

E: jim.devonport@finport.com

M: 0415 066 468 


AUDUSD

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

Please reload

Featured Posts

I'm busy working on my blog posts. Watch this space!

Please reload

Recent Posts

February 9, 2020

Please reload

Archive
Please reload

Search By Tags
Please reload

Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square

Free Call: 1800 FINPORT (346767)   Email: info@finport.com

Finport Finance Pty Limited ACN 624 778 123.

Finport Trade Finance Pty Limited ACN 606 669 505.

 

Business Address: Suite 105, 20A Danks Street, Waterloo, NSW 2017

Registered Office: Level 11, 1 York Street, Sydney NSW 2000

Mailing Address: PO Box 2289, Taren Point NSW 2229

 

Finport makes no warranty, express or implied, concerning the suitability, completeness, quality or exactness of the information and models provided in this website.

Website Terms of Use     Disclaimer    Privacy Policy

  • Facebook Social Icon