Forex Flash: AUD/USD's 1.0150 held firm, Stand off - RBS
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AUD/USD
FXstreet.com (San Francisco) - After containing the Monday's declines from 1.0270 zone at 1.0150, the AUS/USD has been trading in slightly recovery the last two days until reach intra-week highs at 1.0260 in the Wednesday's American session. Currently the pair is trading at 1.0237, 0.30% above opening price action.
RBS's Technical Markets Strategist William Moore comments that "the 1.0150 level held well and after a good run down it looks to be the right time to get out of the AUD short positions and begin considering it one of the outperformers amongst its peers as opposed to one of the underperformers."
Nevertheless, the Moore's strategy is "stand off until further, clearer signals."
RBS's Technical Markets Strategist William Moore comments that "the 1.0150 level held well and after a good run down it looks to be the right time to get out of the AUD short positions and begin considering it one of the outperformers amongst its peers as opposed to one of the underperformers."
Nevertheless, the Moore's strategy is "stand off until further, clearer signals."
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