FXStreet (Edinburgh) – Emmanuel Ng, FX Strategist at OCBC Bank sees the pair facing strong resistance in the 0.7280/0.7300 band.
Key Quotes
“We turn tactically bullish on the pair given a more appetizing risk appetite backdrop with the USD still seen on the defensive”.
“The AUDUSD is now sitting atop its 55-day MA (0.7180) with the next resistance of significance expected towards 0.7280 before 0.7300”.
(Market News Provided by FXstreet)