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15 May 2015
AUD/USD: Ongoing gains unjustified - Westpac
FXStreet (Guatemala) - Sean Callow, analyst at Westpac Banking Corporation explained that AUD/USD met consistent selling above 0.8100.
Key Quotes:
"Slipping as low as 0.8063 then steadying at 0.8085 early Sydney. Charts are still pointing to 0.8250 but we find it hard to justify ongoing AUD/USD gains, against a backdrop of a weak China data pulse, the RBA’s soft easing bias and a sluggish domestic economy."
Key Quotes:
"Slipping as low as 0.8063 then steadying at 0.8085 early Sydney. Charts are still pointing to 0.8250 but we find it hard to justify ongoing AUD/USD gains, against a backdrop of a weak China data pulse, the RBA’s soft easing bias and a sluggish domestic economy."