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11 Mar 2014
Flash: AUD/USD supported at 0.9000 - OCBC Bank
FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank, notes the AUD/USD would be well supported around the 0.9000 psychological mark.
Key Quotes
"This morning, the AUD-USD was capped further following 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
"This morning, the AUD-USD was capped further following 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."