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11 Sep 2013
Flash: AUD/USD, order book remains a seller to 94c - NAB
FXstreet.com (Barcelona) - The Australian Dollar should continue to see solid bids vs the US Dollar on Wednesday, according to NAB Strategists, as the improved sentiment is set to remain, despite they note sellers around current levels are still plentiful.
Key Quotes
"Early TP action from spec community should keep us offered around overnight highs for first part of our morning AUD, Order Book continues to show better sellers though i have begun to have a small patch of s/term weakness 9220-40 but overall book remains a seller to 94 cents (though lighter now as we get higher)."
"Downside demand has begun to arrive 9250-70 with solid demand 9150-9200 as from Corp as fear of missing overtakes fear of losing - look for 9270-9350 to cover our day, fade moves to 9270 as sentiment improves ahead of Oz employ Data tom."
Key Quotes
"Early TP action from spec community should keep us offered around overnight highs for first part of our morning AUD, Order Book continues to show better sellers though i have begun to have a small patch of s/term weakness 9220-40 but overall book remains a seller to 94 cents (though lighter now as we get higher)."
"Downside demand has begun to arrive 9250-70 with solid demand 9150-9200 as from Corp as fear of missing overtakes fear of losing - look for 9270-9350 to cover our day, fade moves to 9270 as sentiment improves ahead of Oz employ Data tom."