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3 Sep 2015
AUD/USD: Aussie retails sale and A$ forecast - Westpac
FXStreet (Guatemala) - Imre Speizer, analyst at Westpac Banking Corporation noted that Australia’s retail sales should be the session’s market highlight, the consensus estimate 0.4%, and he offered outlooks for the price from 1 day-3 months out.
Key Quotes:
"AUD/USD 1 day: Momentum remains negative such that a break below 0.6980 is expected during the next day or two.
AUD/USD 1-3 month: Eventual resumption of the strong US dollar trend should weigh on the AUD during the next few months. The next major downside target is 0.7000."
Key Quotes:
"AUD/USD 1 day: Momentum remains negative such that a break below 0.6980 is expected during the next day or two.
AUD/USD 1-3 month: Eventual resumption of the strong US dollar trend should weigh on the AUD during the next few months. The next major downside target is 0.7000."