23 Aug 2013
Flash: AUD/USD chops higher on Chinese PMI data - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that AUD/USD chopped higher progressively on Thursday past 0.9000 with the China PMI providing the initial impetus for aussie strength.
Key Quotes
“In the near term however, we expect the pair to remain locked up in recent ranges pending further global cues with 0.9000 continuing to serve as a short term anchor.”
“On the upside, the 55-day MA (0.9187) may continue to cap while the 0.8915 area may cushion near term dips.”
Key Quotes
“In the near term however, we expect the pair to remain locked up in recent ranges pending further global cues with 0.9000 continuing to serve as a short term anchor.”
“On the upside, the 55-day MA (0.9187) may continue to cap while the 0.8915 area may cushion near term dips.”