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AUD/USD: Q Wage price readings might carry a potential event risk - OCBC Bank

FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank notes that the Q wage price readings may push the pair below 0.8500 levels.

Key Quotes

"Expect the antipodeans to be relatively muted pending further global cues (especially on the growth front) despite the better than expected October NAB business conditions index this morning."

"Going ahead, we think markets would require another catalyst to push the pair to sub-0.8500 levels, with 3Q wage price readings a potential event risk. Stay top-heavy on the pair in the interim."

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