AUD/USD remains a ‘buy on dips’ – OCBC Bank

FXStreet (Edinburgh) - Emmanuel Ng, FX Strategist at OCBC Bank, argued that pullbacks in AUD/USD could be seen as opportunities to buy.

Key Quotes

“Immediate risk to the pair may stem from the China data stream this morning while our preference remains for a buy-dips posture within 0.8100-0.8300”.

“Multi-session, as noted previously, cross plays via the EUR-AUD may also lend secondary support to the AUD”.