Friday, 4 May 2012
2012.05.04 03:46:45 MARKET TALK: AUD/USD Gains A Tad; RBA Statement More Balanced-ANZ
0146 GMT [Dow Jones] The AUD/USD pushes slightly higher after the RBA statement despite the fact it painted a more subdued outlook for growth in Australia. The pair is at 1.0275 versus 1.0259 ahead of the statement. ANZ Senior Dealer Alex Sinton says, "it certainly was dovish, but not as dovish as what the market needed to push on to new levels." The statement was "more balanced" so the pair moved higher as the market was short, positioning wise, adds Sinton. He says support is around the 1.0220-1.0230 level while resistance is around 1.0310. (rebecca.howard@dowjones.com)
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(END) Dow Jones Newswires
May 03, 2012 21:46 ET (01:46 GMT)
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