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30 Sep 2013
Flash: AUD/USD in a holding pattern ahead of US fiscal impasse - OCBC Bank
FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank, mentions that the AUD/USD may remain in a holding pattern while awaiting broader global cues (specifically, news flow from the US fiscal impasse).
Key Quotes
“In the near term, the pair may remain bordered by the 100-day MA (0.9301) and the 0.9400 neighborhood.”
“Global macro news flow has failed to exert a measurable influence on the Aussie in the last few sessions although background chatter surrounding the CNY may lend implicit support to the AUD/USD.”
Key Quotes
“In the near term, the pair may remain bordered by the 100-day MA (0.9301) and the 0.9400 neighborhood.”
“Global macro news flow has failed to exert a measurable influence on the Aussie in the last few sessions although background chatter surrounding the CNY may lend implicit support to the AUD/USD.”