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1 Apr 2015
AUD/USD to base around 0.7600 – OCBC
FXStreet (Barcelona) - Emmanuel Ng of OCBC Bank, believes that AUD/USD might remain top heavy and base around 0.7600 levels, pending further cues.
Key Quotes
“The March AiG manufacturing index improved slightly to 46.3 from 45.4 the previous month and prevailing negative sentiment towards the AUD is expected to be moderated in the wake of the improvement in China’s official manufacturing PMI released this morning.”
“Meanwhile, expect the top-heavy pair to base around the vicinity of 0.7600 pending further cues.”
Key Quotes
“The March AiG manufacturing index improved slightly to 46.3 from 45.4 the previous month and prevailing negative sentiment towards the AUD is expected to be moderated in the wake of the improvement in China’s official manufacturing PMI released this morning.”
“Meanwhile, expect the top-heavy pair to base around the vicinity of 0.7600 pending further cues.”