24 Oct 2013
Flash: AUD/USD lower on jitters out of China - OCBC
FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank mentions that despite the firmer 3Q inflation readings, subsequent jitters out of China pulled AUD/USD lower on Wednesday.
Key Quotes
"The pair may attempt to consolidate around current levels pending further global cues, China PMI today. In the interim, the pair is expected to be hemmed in by the 200-day MA (0.9744) on the topside and 0.9600 and then 0.9550 on the downside."
Key Quotes
"The pair may attempt to consolidate around current levels pending further global cues, China PMI today. In the interim, the pair is expected to be hemmed in by the 200-day MA (0.9744) on the topside and 0.9600 and then 0.9550 on the downside."