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16 Sep 2013
Flash: AUD/USD bullish - OCBC
FXstreet.com (London) - Emmanuel Ng, FX strategist at OCBC puts the AUD/USD into focus.
Key Quotes:
“We remain tactically positive on the AUD/USD in the near term amid largely dollar unfriendly news flow dominating the headlines”.
“On the CFTC front, net speculative AUD shorts were pared in the latest week but the pair would have to overcome the 0.9375/00 area if it is to establish another leg higher multi-session. On the downside, support for the pair is expected towards 0.9200/30”.
Key Quotes:
“We remain tactically positive on the AUD/USD in the near term amid largely dollar unfriendly news flow dominating the headlines”.
“On the CFTC front, net speculative AUD shorts were pared in the latest week but the pair would have to overcome the 0.9375/00 area if it is to establish another leg higher multi-session. On the downside, support for the pair is expected towards 0.9200/30”.