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27 Aug 2013
Flash: AUD/USD bounces to be capped by 0.9180 - Westpac
FXstreet.com (Barcelona) - In view of Westpac Global Strategy Team, the prospect of the Fed taper of any size on 18 Sep should cap the AUD/USD near term ahead of the 55dma at 0.9180.
Westpac adds: "But with iron ore and other key commodity prices resilient, the next RBA easing only 50% priced by Nov and China’s growth outlook more promising, we expect AUD/USD 0.8850 to hold on the week and for AUD to make further gains vs e.g. NZD and CAD."
Westpac adds: "But with iron ore and other key commodity prices resilient, the next RBA easing only 50% priced by Nov and China’s growth outlook more promising, we expect AUD/USD 0.8850 to hold on the week and for AUD to make further gains vs e.g. NZD and CAD."