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20 Mar 2014
AUD/USD potentially neutralised? - OCBC Bank
FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank, notes the weakness around the AUD/USD, now heading to the 0.9000 mark.
Key Quotes
"The AUD/USD breached 0.9100 overnight and is currently contemplating the 0.9000 floor. Note also additional baggage if CNY (CNH) developments continue to pave the way for a stronger dollar in Asia.”
“If 0.9000 is breached, the recent gradient for the pair may potentially be neutralized, with the 55-day MA (0.8941) serving as the next key support."
Key Quotes
"The AUD/USD breached 0.9100 overnight and is currently contemplating the 0.9000 floor. Note also additional baggage if CNY (CNH) developments continue to pave the way for a stronger dollar in Asia.”
“If 0.9000 is breached, the recent gradient for the pair may potentially be neutralized, with the 55-day MA (0.8941) serving as the next key support."