FXstreet.com (Barcelona) - The AUD/USD is looking increasingly vulnerable to further downside, according to Oversea China Banking Corporation research team. "From a short term technical perspective, the pair has progressively violated upward trend lines in the past few sessions and a sustained breach of the 1.0400 floor opens the way to the 1.0370 neighborhood and then the 1.0300 support" the bank said.
Forex Flash: AUD/USD opens the way to 1.0370, 1.0300 - OCBC
Tue, Aug 28 2012, 00:00 GMT | FXstreet.com
AUD/USD May 21 at 17:37 GMT
0.9826/27 (0.17%)
H0.9844 L 0.9751
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Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
