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Forex Flash: AUD/USD to remain static – OCBC Bank

By FXstreet.com,  January 08, 2013, 06:55:00 AM EDT

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank has taken a look at AUD/USD´s prospects for the day ahead.

He writes, "AUD-USD may remain largely static in the near term with this morning's wider trade deficit not materially denting the aussie. Expect the pair to look increasingly to the top side if risk appetite continues to accumulate, with initial resistance expected at 1.0540 while the 55-day MA (1.0429)."




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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