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AUD/USD supported around 0.7160 – OCBC

FXStreet (Edinburgh) - The Aussie dollar remains well supported around 0.7160, according to Emmanuel Ng, FX Strategist at OCBC Bank.

Key Quotes

“Pending the RBA statement later today, markets may continue to “chill” in the wake of Stevens comments from last week and remain supportive of the AUD in the interim”.

“At this juncture, 0.7350 may cap while the 55-day MA (0.7160) is still expected to cushion on dips”.

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