Flash: AUD/USD eyes Australian/Chinese data - OCBC

FXStreet (Bali) - According to Emmanuel Ng, FX Strategist at OCBC Bank, Aussie and Chinese events will be key to set a directional bias to AUD/USD this week.

Key Quotes

"The AUD-USD failed to significantly capitalize on USD weakness on Fri with the Jan HSBC/Markit services PMI for China easing to 50.7 from 50.9 the previous month. Aussie and Chinese data releases this week may have a further bearing on the pair and even if the pair remains afloat above its 55-day MA (0.8929), upside obstacles are expected towards 0.900/30 and the 0.9085 region."