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Dec 12 - 06:55 PM

AUD/USD: Lower Level Of Conviction N-Term - Credit Suisse

By eFXdata  —  Dec 12 - 03:00 PM

Credit Suisse discusses AUD/USD near-term outlook.

"With all this in mind, we acknowledge that our 0.6400 end-Q4 target appears now a fairly distant reach, and we no longer see it as valid. At the same time, the range that we set for AUDUSD in mid-November, between 0.6300 and 0.6950, still seems appropriate given price action," CS notes. 

"As such, we stick to it, with a much lower level of conviction around near-term directionality within this range," CS adds.

Source:
Credit Suisse Research/Market Commentary

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