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1 Aug 2014
AUD/USD may target 0.92 - OCBC
FXStreet (Bali) - Emmanuel Ng, FX Strategist at OCBC Bank, sees a potential glide path towards 0.9200 in AUD/USD.
Key Quotes
"Apart from a brief knee jerk reaction this morning to the better than expected official China manufacturing PMI, the AUD-USD has remained none too impressed. Going ahead, the interplay of risk appetite jitters and the preponderance of dollar resilience in the near term may continue to see a potential glide path towards 0.9200 with the 55-day MA (0.9358) growing increasingly distant in the rear-view mirror."
Key Quotes
"Apart from a brief knee jerk reaction this morning to the better than expected official China manufacturing PMI, the AUD-USD has remained none too impressed. Going ahead, the interplay of risk appetite jitters and the preponderance of dollar resilience in the near term may continue to see a potential glide path towards 0.9200 with the 55-day MA (0.9358) growing increasingly distant in the rear-view mirror."