AUD/USD: stuck in a 0.7190 – 0.7380 range - ANZ

FXStreet (Guatemala) - Analysts at ANZ explained that better headline employment growth drove a sharp rally in the AUD, pushing it back towards the top end of its range.

Key Quotes:

"That said, the rally was unable to extend and the AUD ended the session well within its recent range. With the market now pricing little chance of an RBA cut throughout 2016, a domestically driven rally in the AUD is becoming increasingly difficult. Expected range: 0.7190 – 0.7380."