Flash: AUD/USD to remain under the weather ahead of RBA meet - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank comments that the AUD may continue to feel under the weather ahead of the RBA next Tuesday.

Key Quotes

“AUD may continue to feel under the weather ahead of the RBA next Tuesday, especially with the growth-linked currencies still out favor with investors in the near term.”

“The 0.9000 support remains pivotal although we may expect some capitulation around the 0.9090 area in the interim.”

AUD/USD recovery pauses

The recovery of the AUD/USD from a 3-month low stalled at the 100-hour SMA during the European session as investors refrain from taking big positions amid thin markets.
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