ANZ on the AUD for the week and month ahead (bearish)

A quick snippet from ANZ's forex outlook for the week ahead

AUD/USD:

• The AUD started the year with a return of its trademark volatility. With global market sentiment now looking a touch stretched we do not think that the international environment will provide a positive backdrop for much longer. Growth is slowing and liquidity is tighter. The domestic data are likely to remain below par.

ANZ nominate 0.65 as fair value for the AUD/USD

• For the week ahead ANZ is 'mildly bearish'
• For the month ahead, 'bearish'

(for the week and month ahead on NZD/USD, same)