AUD/USD to edge lower towards 0.71 amid Omicron covid concerns – OCBC
|AUD/USD fell sharply on Friday. Although the pair stages a rebound on Monday, the aussie remains sensitive to changes in sentiment, economists at OCBC Bank report.
Any further bounce to be capped at 0.7200
“The AUD/USD bias may still be towards the 0.7100 support, especially if the Omicron concerns /risk-off sentiment persists for the next few days.”
“Any further bounce should be capped at 0.7200 for now.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.