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Forex Flash: AUD/USD, 55-day MA to serve as support - OCBC

By FXstreet.com,  January 03, 2013, 08:36:00 PM EDT

FXstreet.com (Barcelona) - After the successful start of the new year for the AUD, a hawkish FOMC saw the pair losing the 1.05 handle. The OCBC strategy team expects "rich positive risk appetite readings to keep the aussie buffered in the near term pending further cues." In the interim, OCBC "stays neutral on the AUD-USD despite yesterday's blip higher." The team tips first resistance at around 1.0550, with the 55-day MA (1.0419) to serve as a support.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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