Forex Flash: We remain sellers above AUD/USD 1.04' - NAB

FXstreet.com (San Francisco) - In a recent research note, FX strategists at NAB explain that, from it perspective, weak rate differentials and uncertainty in the global marketplace may keep AUD from breaking to the upside. "We remain sellers above AUDUSD 1.04; moves to 1.01 would be too far," says NAB. "The gap between our present value model estimate and spot has widened, raising pressure for more RBA easing." AUDUSD now exchanges 1.0360.