Forex Flash: AUD/USD, 55-day MA to serve as support - OCBC
Forex pairs in this Article » AUD/USD
FXstreet.com (Barcelona) - After the successful start of the new year for the AUD, a hawkish FOMC saw the pair losing the 1.05 handle. The OCBC strategy team expects "rich positive risk appetite readings to keep the aussie buffered in the near term pending further cues." In the interim, OCBC "stays neutral on the AUD-USD despite yesterday's blip higher." The team tips first resistance at around 1.0550, with the 55-day MA (1.0419) to serve as a support.