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AUD/USD supported around 0.7240/00 – OCBC

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 21, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) - Pullbacks in the Aussie dollar could find decent support in the 0.7240/0.7200 band, according to FX Strategist at OCBC Bank Emmanuel Ng.

    Key Quotes

    “The pair may attempt to base build pending further external cues while the RBA’s Edey is scheduled to speak at 22:45 GMT”.

    “In the interim, 0.7240 before 0.7200 may cushion on the back of the fairly supportive RBA minutes from yesterday with 0.7330/60 to cap for now”.
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