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13 Mar 2014
Flash: AUD/USD to consolidate around 0.9050 - OCBC Bank
FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank believes that AUD/USD could consolidate around the 100D MA at 0.9050.
Key Quotes
"The AUD/USD was boosted above 0.9050 in early trade today after the Feb employment change reading surprised significantly on the upside at +47.3k (mkt: +15.0k) with the previous month’s reading also revised to +18.0k from -3.7k previously.”
“Expect some consolidation to kick in around the 100-day MA (0.9050) neighborhood with support expected to emerge towards 0.8950."
Key Quotes
"The AUD/USD was boosted above 0.9050 in early trade today after the Feb employment change reading surprised significantly on the upside at +47.3k (mkt: +15.0k) with the previous month’s reading also revised to +18.0k from -3.7k previously.”
“Expect some consolidation to kick in around the 100-day MA (0.9050) neighborhood with support expected to emerge towards 0.8950."