Forex Flash: AUD/USD, risk skewed towards 55-day MA at 1.0454 - OCBC
Forex pairs in this Article » AUD/USD
FXstreet.com (Barcelona) - In view of the OCBC team, the AUDUSD "may seek comfort towards the 1.0500 area given the disappointing labor market numbers this morning", adding that "any aggravation of negative investor sentiment today (especially if expectations of RBA rate cuts are rekindled) may pave the way to the 55-day MA (1.0454)." On the topside, the bank highlights 1.0610 as key resistance. OCBC still remains "positively biased towards the pair" on recent supportive Chinese data.