NAB 1.78% $36.94 national australia bank limited

Forex action

  1. 320 Posts.
    DJ MARKET TALK/AU: AUD/USD Breaks Resistance; NAB A Buyer


    [Contact Us: Sydney 61-2-8235-2950; [email protected]]
    0154 GMT [Dow Jones] AUD/USD surpasses all expectations and moves through
    resistance band of 0.5470-80 to reach 0.5493. Sydney dealers say National
    Australia Bank on the bid all morning for reasons unknown; some suggest activity
    could be related to repatriation of funds from NAB's U.S. mortgage operations.
    Firm options resistance tipped on a move beyond 0.5500. (JEG)
 
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