Flash: AUD/USD may bide its time-OCBC Bank

FXstreet.com (Athens)- Emmanuel Ng of OCBC Bank, says that with the pair positive feedback from the HSBC preliminary China PMI earlier in the week providing very limited mileage (note wobbly commodity prices), the AUD/USD may bide its time for now.

Key Quotes

“The pair expected to be bordered by 0.9490 on the topside. Going ahead, any further nervousness may see a capitulation towards 0.9315 before the Fibo retracement at 0.9286.”