11 Oct 2013
Flash: AUD/USD ended a shade higher on mixed labor data – OCBC
FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank says that the September Australian labor market numbers came in mixed with the AUD/USD eventually ending a shade higher by the end of the NY session.
Key Quotes
"Markets also took note of cautionary comments from the RBA’s Ridout, who warned that the economy may have to contend with a “sustained period of high currency”.
“As noted previously, we remain inherently in favor of further upside headroom for the pair given the improving global macro climate.”
“Resistance after 0.9500 is expected towards 0.9530 while support is expected towards 0.9400 and then 0.9360.”
Key Quotes
"Markets also took note of cautionary comments from the RBA’s Ridout, who warned that the economy may have to contend with a “sustained period of high currency”.
“As noted previously, we remain inherently in favor of further upside headroom for the pair given the improving global macro climate.”
“Resistance after 0.9500 is expected towards 0.9530 while support is expected towards 0.9400 and then 0.9360.”