26 Mar 2014
AUD undisturbed by RBA - OCBC Bank
FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank notes that the RBA Stability Report, left AUD quite stabile.
Key Quotes
"This morning, the RBA Stability Report left the AUD largely undisturbed and the pair may remain on the shoulders of positive sentiment and prospects of further stabilization in China.”
“Technically, the AUD/USD has broken free of the 200-day MA (0.9137) with some consolidation expected towards 0.9180/00."
Key Quotes
"This morning, the RBA Stability Report left the AUD largely undisturbed and the pair may remain on the shoulders of positive sentiment and prospects of further stabilization in China.”
“Technically, the AUD/USD has broken free of the 200-day MA (0.9137) with some consolidation expected towards 0.9180/00."