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AUD/USD still looking undecided - OCBC Bank

FXStreet (Barcelona) - According to Emmanuel Ng, FX Strategist at OCBC Bank, the AUD/USD pair is still looking undecided but slightly top heavy as the positivity of PBoC's rate cut fades.

Key Quotes

"The RBA’s Lowe is expected to hit the wires later today at around 0905 GMT with the AUD-USD we think still looking undecided and slightly top heavy (with positivity from the PBOC’s rate cut fading) at the 0.8600 junction."

"Directionally, we continue to remain neutral on the pair in the short term in the near term."

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