AUD trading with a slightly softer bias - BBH

Sandeep Kanihama FXStreet Contributor

Analysts at BBH explain that the Australian dollar is trading with a slightly softer bias, but mostly consolidating after rallying back through the past ceiling around $0.7700.

Key Quotes

“The minutes of this month's RBA meeting failed to shed fresh light. However, news that house prices rose 4.1% in Q4 16, the fastest pace since mid-2015, is a timely reminder of why the RBA may be reluctant to ease despite soft inflation and softening labor market. The consolidative range seems to be around $0.7660 to $0.7745. The intraday technicals suggest upside potential in the North American session.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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