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3 Jun 2015
AUD/USD eyeing 0.7840/50? – OCBC
FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank, expects a AUD/USD break above 0.7797 to expose 0.7840/50 levels.
Key Quotes
“The AUD outperformed across G10 space post-RBA on Tuesday with the meeting statement yielding little for prior aussie bears. This morning, 1Q GDP came in at a better than expected 0.9% qoq sa (0.5% prev) and this may continue to underpin the AUD against the greenback.”
“A sustained break above the 55-day MA (0.7797) potentially opens the way to 0.7840/50.”
Key Quotes
“The AUD outperformed across G10 space post-RBA on Tuesday with the meeting statement yielding little for prior aussie bears. This morning, 1Q GDP came in at a better than expected 0.9% qoq sa (0.5% prev) and this may continue to underpin the AUD against the greenback.”
“A sustained break above the 55-day MA (0.7797) potentially opens the way to 0.7840/50.”