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Forex pairs in this Article » AUD/USD (Barcelona) - Emmanuel Ng of OCBC Bank has taken a look at AUDUSD's prospects for the day ahead.

He writes, "AUD-USD may remain largely static in the near term with this morning's wider trade deficit not materially denting the aussie. Expect the pair to look increasingly to the top side if risk appetite continues to accumulate, with initial resistance expected at 1.0540 while the 55-day MA (1.0429)."
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