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19 Feb 2014
Flash: AUD/USD 0.9080 needs to break -BBH
FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman explains that AUD/USD 0.9080 needs to break on the way up.
Key Quotes
"The key feature of currency markets today is the dollar bloc's modest gains, along with the yen. Short-covering continues to fuel gains in the Australian and Canadian dollars and both are poised to move higher."
"After dipping below $0.9000 in the Asian session, the Aussie was snapped up in Europe to return to the $0.9040 area. The $0.9080 area still needs to be overcome to signal a new leg up with the $0.9140 and $0.9200 area the next immediate targets."
Key Quotes
"The key feature of currency markets today is the dollar bloc's modest gains, along with the yen. Short-covering continues to fuel gains in the Australian and Canadian dollars and both are poised to move higher."
"After dipping below $0.9000 in the Asian session, the Aussie was snapped up in Europe to return to the $0.9040 area. The $0.9080 area still needs to be overcome to signal a new leg up with the $0.9140 and $0.9200 area the next immediate targets."