18 Sep 2013
Flash: AUD/USD floats higher despite ambivalent RBA minutes - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that despite the more ambivalent than expected RBA minutes, the AUD/USD eventually floated higher in tandem with the majors.
Key Quotes
“For today, the pair may retain a slightly positive bias pending the FOMC with 0.9400 still expected to serve as a near term cap while supports are expected towards 0.9300 and then 0.9250.”
“On other fronts, NZ GDP numbers are also due late Wednesday with the NZD/USD receiving an early but transient boost from dairy prices. In the interim, the AUD/NZD may be expected to remain slightly top heavy post RBA minutes.”
Key Quotes
“For today, the pair may retain a slightly positive bias pending the FOMC with 0.9400 still expected to serve as a near term cap while supports are expected towards 0.9300 and then 0.9250.”
“On other fronts, NZ GDP numbers are also due late Wednesday with the NZD/USD receiving an early but transient boost from dairy prices. In the interim, the AUD/NZD may be expected to remain slightly top heavy post RBA minutes.”