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26 Feb 2014

Flash: AUD/USD holds constructive tone - OCBC

FXStreet (Bali) - According to Emmanuel Ng, FX Strategist at OCBC Bank, AUD/USD remains constructive, however, any further unraveling of sentiment may lead to renewed selling pressure.

Key Quotes

"The disappointing 4Q construction numbers and renminbi jitters this morning took a bite out of the AUD-USD with the pair testing below 0.9000. Although we retain a constructive tone on the AUD-USD (on the back of a vulnerable broad dollar), expect any further unraveling of sentiment to weigh on the pair in the near term, with the 55-day MA at around 0.8911."

Feb 26, 2014

Flash: EUR/USD, key level to watch still 1.3770/75 - UOB

According to the Market Strategy Team at UOB, the narrow range in EUR/USD should remain for now.

USD/JPY bears are in control again

Failed attempt to break above the resistance area of 102.36/40 caused the downside correction in USD/JPY. 102.20 is within reach now.