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14 Nov 2013
Flash: AUD/USD may bump its head around 0.94 resistance - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank feels that the AUD/USD may soon come across resistance around 0.94.
Key Quotes
“(The pair may) bump its head at the resistance levels presented by the psychological 0.9400 level and the 55-day MA (0.9402) in the current dollar environment.”
“In addition, a slightly better looking risk appetite environment may also prove supportive on downside dips, with the next support of consequence expected at 0.9300.”
Key Quotes
“(The pair may) bump its head at the resistance levels presented by the psychological 0.9400 level and the 55-day MA (0.9402) in the current dollar environment.”
“In addition, a slightly better looking risk appetite environment may also prove supportive on downside dips, with the next support of consequence expected at 0.9300.”