AUD/USD to revert to the 0.7450 to 0.7550 range for now – OCBC

AUD/USD is consolidating below the 0.75 mark. Economists at OCBC expect the pair to settle within the 0.7450 to 0.7550 range for now.

AUD’s upside momentum may be exhausted

“The AUD’s upside momentum may be exhausted, with the commodity complex and crude prices consolidating lower.”

“Expect the AUD/USD to revert to the 0.7450 to 0.7550 range for now.”