Flash:AUD/USD taking profit on our 09 Sep 13 recommendation to be long at 0.9360- OCBC Bank

FXstreet.com (Athens)- Emmanuel Ng of OCBC Bank, mentions that we take profit on our 09 Sep 13 recommendation to be long at 0.9360 at the pre-determined level of 0.9360 for an implied +1.61% gain (excl carry).

Key-Quotes:

“Chinese data print outs, global risk appetite levels, and the broad dollar tone remain primary determinants for the AUD-USD with the 100-day MA (0.9331) expected to offer initial support on dips before the 0.9300 level. On the top side, expect hesitation towards 0.9355 pending the China PMI later this morning.”