Flash: AUD/USD may remain in a holding pattern - OCBC Bank

FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank, mentions that the AUD/USD may remain in a holding pattern while awaiting broader global cues (specifically, news flow from the US fiscal impasse).

Key Quotes

“In the near term, the pair may remain bordered by the 100-day MA (0.9301) and the 0.9400 neighborhood.”

“Global macro news flow has failed to exert a measurable influence on the aussie in the last few sessions although background chatter surrounding the CNY may lend implicit support to the AUD/USD.”