AUD/USD near term risks towards 0.8030 – OCBC

FXStreet (Barcelona) - Analysts at OCBC mention that risks for AUD/USD are towards 0.8030 levels as the pair failed to break above 0.8200.

Key Quotes

“Markets may look expectantly towards the RBA in the wake of the BOC’s latest surprise rate cut, especially with the Chinese premier referring to the “new normal” again. In the near term, with the cyclical currencies under increasing scrutiny, risks for the pair we think may point towards 0.8030 after 0.8200 withstood recent upside tests.”