Tuesday, 11 September 2012

AUD/USD Has Downside Risks - RBCCM


AUD/USD has downside risks, with unfinished business below 1.02, and a test of parity does not seem unreasonable after the recent run of poor domestic, Chinese and Japanese data, RBC Capital Markets says. Now at 1.0350, the bank says 200-DMA support is at 1.0319.

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