AUD/USD bearish target at 0.7325 – Westpac

FXStreet (Barcelona) - Imre Speizer of Westpac expects the Aussie to resume its downtrend ahead on broad USD strength, and forecasts AUD/USD to see 0.7325 on a 1-3M view.

Key Quotes

“AUD/USD 1 day: Broke a major technical level (0.7620 neckline) with further bearish implications multi-day. Next stop 0.7450.”

“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 0.7325.”

Jul 6, 2015

EUR/USD outlook remains neutral post Greece Referendum – JPM

With the Greeks choosing a ‘No’ vote in the referendum, John Normand of J.P.Morgan, sees explains why he remains neutral on EUR/USD.

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Jul 6, 2015

EUR heavy post Greek referendum, Euro group, Greece talks eyed

The euro was heavily sold-off, kicking-off Asia nearly 2% lower following the Greek referendum results which reflected that Greek voters said a resounding around 60% 'No' vote to further austerity imposed by the country's creditors in the referendum on Sunday. While risk-off moods backed worries over Greece’s future in Euro zone dominated across the Fx board with most Asian pairs relatively lower.

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