14 Oct 2013
Flash: Inclined to sell AUD/USD into strength - BBH
FXstreet.com (Barcelona) - AUD/USD printed 0.35% gains last week, being the best among majors, a fact that according to Marc Chandler, Head of FX Strategy at BBH, says more about the weakness of the others than it does about Aussie strength.
Key Quotes
"While we continue to see potential to retest last month's high in the $0.9525-30 area, we are more inclined to sell into strength."
"Our initial target is near $0.9250. That said, a convincing break of last month's cap could see another leg up toward $0.9700."
Key Quotes
"While we continue to see potential to retest last month's high in the $0.9525-30 area, we are more inclined to sell into strength."
"Our initial target is near $0.9250. That said, a convincing break of last month's cap could see another leg up toward $0.9700."