Flash: AUD/USD may continue to be supported by negative dollar vibes – OCBC

FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank, mentions that negative dollar vibes may continue to support the AUD/USD with the Australian Sep services index also improving significantly to 47.1 from 39.0 the previous month.

Key Quotes

“We retain a buy dips posture for the pair in the interim with base building behavior still expected around current levels.”

“Support is seen on dips towards 0.9285 area while 0.9435 should cap pending further cues.”