AUD/USD sell on rallies – OCBC Bank

FXStreet (Edinburgh) - Emmanuel Ng, FX Strategist at OCBC Bank, recommends selling the pair on AUD strength.

Key Quotes

“AUD-USD may remain beholden to risk appetite/China developments with base building behavior expected towards 0.8800/20while resistance is expected on approach of 0.8900”.

“Intra-day, comments from the RBA’s Stevens may provide further near term cues while we would prefer to fade any excessive upticks”.