Forex Flash: AUD/USD looks neutral ahead – OCBC Bank

FXstreet.com (Barcelona) - Despite last Friday's dollar price action, Emmanuel Ng of OCBC Bank remains neutral on AUDUSD and the pay may have to look towards global cues this week with little in the way for the first tier data this week.

Looking to the CFTC front, he notes that net speculative AUD longs ticked higher in the latest week and the pair has dound support towards that 55 day MA at 1.0424, with 1.0500 the next visible resistance to overcome.