FXStreet (Edinburgh) – FX Strategist at OCBC Bank Emmanuel Ng sees the likeliness of the Aussie dollar to test the 0.7300 handle.
Key Quotes
“Chatter surrounding the potential for a dovish RBA has thickened in the wake of the ECB and the PBOC, although the lack of outright risk aversion may see the AUD-USD repel downside probes towards the 55-day MA (0.7167) in the near term ahead of the Fed while contemplating a test towards the 0.7300 handle”.
(Market News Provided by FXstreet)