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AUD/USD could reach 0.7300 – OCBC

FXStreet (Edinburgh) - FX Strategist at OCBC Bank Emmanuel Ng sees the likeliness of the Aussie dollar to visit the 0.7300 handle.

Key Quotes

“Expect the AUD to remain in favor with the RBA remaining static as widely expected on Tuesday, GDP numbers outperforming prior expectations (+2.5% yoy), and the RBA’s Stevens’ not telegraphing any urgency to cut rates”.

“In the near term, the pair may reach for 0.7370 with 0.7300 and 0.7280 providing near term support”.

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