Flash: AUD/USD may continue to shy away from the 0.9500 – OCBC

FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank, mentions that the AUD/USD may continue to shy away from the 0.9500 ceiling in the near term as markets remain on tenterhooks amid background US fiscal concerns and ahead of the deluge of Chinese data this week.

“Look also to the RBA meeting minutes tomorrow for domestic cues. On the downside, initial support is expected into 0.9400 before the 0.9350 neighborhood.”