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22 Oct 2013
Flash: AUD/USD to remain on a supported posture - OCBC
FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank mentions that despite the current dollar environment in a flux, we expect the likes of the AUD/USD to remain on a supported posture barring another meltdown in global risk appetite levels.
“Needless to say, any attempts to probe higher may have to hinge on the outcome of the US labor markets tonight. In the interim, 0.9700 may remain in a near term ceiling while support is expected on approach of 0.9600.”
“Needless to say, any attempts to probe higher may have to hinge on the outcome of the US labor markets tonight. In the interim, 0.9700 may remain in a near term ceiling while support is expected on approach of 0.9600.”