7 Nov 2013
Flash: AUD/USD amidst a top-heavy stance – OCBC Bank
FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank feels that October labor market numbers this morning came in on the wrong side of expectations and tripped the AUD/USD below 0.9500.
Key Quotes
“This should keep the pair tethered to the 0.9500 area now pending the further swings in the broad dollar and the deluge of Chinese data releases this weekend.”
“In the interim, we would persist with a top-heavy stance for the pair.”
Key Quotes
“This should keep the pair tethered to the 0.9500 area now pending the further swings in the broad dollar and the deluge of Chinese data releases this weekend.”
“In the interim, we would persist with a top-heavy stance for the pair.”