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19 Apr 2013
Forex Flash: AUD/NZD may see short term bounce - Westpac
FXstreet.com (Barcelona) - In view of Richard Franulovich, Westpac analyst, "the banks's client flows suggest that AUD/NZD downside is well owned, however, with the cross approaching key long term support levels into 1.2000-1.2150, it may well see a short term bounce soon." A longer term low is not yet in place, he says, "given entrenched longer term preference for NZD over AUD" Richard adds.