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AUD/USD still looks vulnerable – OCBC

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 20, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - FX Strategist at OCBC Bank Emmanuel Ng has noted the solid performance of the Aussie dollar as of late.

    Key Quotes

    “The antipodeans made the most of improved investor sentiment and a tamer broad dollar with the AUD-USD gaining briefly above 0.7200”.

    “It remains to be seen if the AUD-USD can continue to defy gravity (in our opinion) but the latest violation of a downtrend line from mid-October and the 55-day MA (0.7137) may have neutralized it near term heaviness in the short term”.
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