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AUD/USD breaking up through 100 DMA - Scotiabank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 24, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Analysts at Scotiabank noted that AUD/USD is up and around its 100 day MA (0.7208) for a third consecutive session.

    Key Quotes:

    "RBA Gov. Stevens’ most recent speech had a limited impact on AUD, generating a brief decline likely resulting from a reiteration of concern about downside risks to inflation."

    "The greatest near term risk for AUD lies with the release of private CAPEX data and its implications for next week’s RBA meeting."

    "Consensus is looking to a hold, with only two of the 28 Bloomberg survey respondents looking to a 25bpt cut to 1.75%."
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