4 Mar 2014
Flash: AUD/USD has potential to test 0.9000 - OCBC Bank
FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank notes that AUD/USD has largely been unaffected by the Ukrainian crisis.
Key Quotes
“The antipodeans have so far managed to shrug off tensions emanating from Ukraine but key support is expected towards 0.8900 and the 55-day MA (0.8911).”
“If renminbi volatility subsides in the coming sessions and the RBA remains less concerned about the AUD’s valuation, a test towards 0.9000 cannot be discounted.”
Key Quotes
“The antipodeans have so far managed to shrug off tensions emanating from Ukraine but key support is expected towards 0.8900 and the 55-day MA (0.8911).”
“If renminbi volatility subsides in the coming sessions and the RBA remains less concerned about the AUD’s valuation, a test towards 0.9000 cannot be discounted.”