Flash: AUD/USD moves into the vicinity of its 200-day MA (0.9762) - OCBC

FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank suggests that the AUD/USD may yet have some upside in the near term given the current dollar environment although we would expect some consolidation to materialize as the pair moves into the vicinity of its 200-day MA (0.9762) on a multi-session horizon.

Key Quotes

“In the near term, apart from broad dollar moves, look also to cues from the China economy as well as RBA rhetoric for further directionality. In the interim, any retracements may meet supports at 0.9529 and then at 0.9500.”