AUD prospects weak in the near term - OCBC

FXStreet (Bali) - Emmanuel Ng, FX Strategist at OCBC Bank, notes that the market may remain less than enamored with AUD prospects in the near term.

Key Quotes

"Note that the AUD found little solace from the China data releases on Wednesday and markets may remain less than enamored with AUD prospects in the near term."

"The support level at the 55-day MA (0.9352) remains under threat ahead of 0.9300 while resistance is expected into 0.9400/25. Elsewhere, any break of the AUD-NZD above 1.0800 may also leak into the AUD."