Flash: AUD/USD blipped higher following the warmer CPI – OCBC

FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank suggests that apart from the weakened state of the USD, the AUD/USD blipped even higher this morning following the warmer than expected 3Q Australian CPI numbers (erasing somewhat prospects for market implied rate cuts).

Key Quotes

“In the short term, in spite of our positive stance on the pair, expect some hesitation as the pair confronts its 200-day MA (0.9749) while support is expected on dips toward 0.9680.”