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Forex Flash: AUD/USD starts the year strongly – OCBC Bank

By FXstreet.com,  January 03, 2013, 06:45:00 AM EDT

FXstreet.com (Barcelona) - OCBC Bank analysts note that AUD got off to a strong start of the year and are expecting rich positive risk appetite readings to keep the Aussie buffered in the near term.

In the interim the write, "we stay neutral on the AUD-USD despite yesterday's blip higher. Expect first resistance at around 1.0550 while the 55-day MA (1.0419) is expected 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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