7 Apr 2014
AUD/USD supported on dips - OCBC Bank
FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank believes AUD/USD could see supported dips ahead of key data points.
Key Quotes
“On the domestic front, March labor market numbers are due on Thursday and as noted above, we expect inherent support on downside dips pending data/event risks this week.”
“Initial support is expected on dips towards 0.9200 while the pair may continue to cautiously contemplate another test above 0.9300 in the near term with subsequent resistance expected at 0.9330.”
Key Quotes
“On the domestic front, March labor market numbers are due on Thursday and as noted above, we expect inherent support on downside dips pending data/event risks this week.”
“Initial support is expected on dips towards 0.9200 while the pair may continue to cautiously contemplate another test above 0.9300 in the near term with subsequent resistance expected at 0.9330.”