Technical Analysis

AUD/USD: We recommend selling into 0.6800-0.6850 zone – ANZ

ANZ Research likes selling AUD/USD into a rally through 0.6800-0.6850 zone.

“Weakness in the USD pulled AUD upwards early in the week and it has since consolidated around the 0.67 level,” ANZ notes.

“Overall, we think upside remains capped by structural factors (decelerating liquidity and growth conditions) but the
improvement in sentiment could persist into year-end and see AUD
challenge 0.68-0.6850.We recommend selling into such a level,
” ANZ notes.

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