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11 Mar 2014
Flash: AUD/USD capped following soft data - OCBC Bank
Emmanuel Ng, FX Strategist at OCBC Bank notes that this morning, AUD/USD was capped further following soft data.
Key Quotes
“A disappointing read from the NAB and expect the pair to remain moribund under the cloud of an unsteady commodity dynamic.”
“Expect key psychological support to materialize around the 0.9000 zone, although a breach may invite further decay towards 0.8940.”
Key Quotes
“A disappointing read from the NAB and expect the pair to remain moribund under the cloud of an unsteady commodity dynamic.”
“Expect key psychological support to materialize around the 0.9000 zone, although a breach may invite further decay towards 0.8940.”