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5 Mar 2013
Forex Flash: AUD calendar looks busy ahead - OCBC Bank
Emmanuel Ng of OCBC Bank comments that apart from the RBA meeting last night, AUD may also have to contend with a fairly busy data calendar this week.
On the CFTC front, net speculative AUD longs continued to be depleted in the latest week and he is sticking with a sell-rally posture for the pair in the interim. He writes, “Resistance is expected towards 1.0280 while 1.0150 may look increasingly fragile (next stop 1.0100) if global sentiment continues to waver.”
On the CFTC front, net speculative AUD longs continued to be depleted in the latest week and he is sticking with a sell-rally posture for the pair in the interim. He writes, “Resistance is expected towards 1.0280 while 1.0150 may look increasingly fragile (next stop 1.0100) if global sentiment continues to waver.”