AUD/USD risks further downside – Westpac

FXStreet (Edinburgh) – AUD/USD could visit lower levels in the near term, suggested strategists at Westpac.

Key Quotes

“The lack of urgency at the RBA to change policy argues for calm AUD trade”.

“However, the sudden deterioration in Greece threatens to dominate market attention and weigh on AUD rallies this week”.

AUD/USD is only modestly weaker so far, but with equity markets under pressure, it looks set to probe towards the high 0.75s on the week”.

“Lowest close in 3 weeks has increased the negative short term/ medium term. Resistance at 0.7675/85. 0.7535/45 lows at risk”.

AUD/USD could visit lower levels in the near term, suggested strategists at Westpac…

(Market News Provided by FXstreet)