AUD trading tips march 26-30 2012 : Recent data disappointments in China have weighed on the antipodean currencies. Softer domestic data has also increased the probability that the RBA moves to cut interest rates in May. Expectations of a rate cut from the OIS have increased recently, with the OIS now pricing in roughly 60% chance of a rate cut in May, up from 48% last week. Current positioning also leaves
AUD and NZD vulnerable to further adjustments.
Key Levels: Resistance at recent high of 1.06, support at recent low 1.023.
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