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2 Apr 2014
AUD/USD likely to find solid buying interest in Asia - Arab Bank
FXStreet (Bali) - David Scutt, Treasury Dealer at Arab Bank in Australia, expects the AUD/USD to be well supported on dips along Asian hours today.
Key Quotes
"Having briefly ventured above .9300 following yesterday’s RBA rate decision, the AUDUSD has fallen back overnight with the pair currently fetching .9248."
"While softer overnight, given Asia have been ravenous buyers of the Aussie since the RBA turned neutral back in February, as usual, it’s likely that the pair will once again grind higher over the course of the Asian session."
"Support is located at .9239 and below .9220 with resistance kicking in at .9255, .9280 and again above .9300."
Key Quotes
"Having briefly ventured above .9300 following yesterday’s RBA rate decision, the AUDUSD has fallen back overnight with the pair currently fetching .9248."
"While softer overnight, given Asia have been ravenous buyers of the Aussie since the RBA turned neutral back in February, as usual, it’s likely that the pair will once again grind higher over the course of the Asian session."
"Support is located at .9239 and below .9220 with resistance kicking in at .9255, .9280 and again above .9300."