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9 Sep 2013
Flash: AUD/USD clear break of 0.9230 would be significant technically - Westpac
FXstreet.com (Barcelona) - The Westpac Global Strategy Team note that a clear break of AUD/USD 0.9230 would be technically significant and open up a run at 0.9300/20.
Key Quotes
“However our main bias is towards wary range trading. Commodity prices have become more mixed and the local calendar is unlikely to help AUD’s cause, with the unemployment rate set to rise to a 4 year high.”
“RBA cash rate pricing of just -13bp seems prone to widening. Buyers to re-emerge around 0.9050/75 in a week that could be choppy on US/Syria headlines.”
Key Quotes
“However our main bias is towards wary range trading. Commodity prices have become more mixed and the local calendar is unlikely to help AUD’s cause, with the unemployment rate set to rise to a 4 year high.”
“RBA cash rate pricing of just -13bp seems prone to widening. Buyers to re-emerge around 0.9050/75 in a week that could be choppy on US/Syria headlines.”