AUD/USD risks for a move lower in its range – OCBC

FXStreet (Barcelona) - Emmanuel Ng of OCBC Bank, views AUD/USD risks skewed towards a move lower in the 0.7700-0.7850 range in the near-term.

Key Quotes

“With global /China prospects still looking subdued and amid a firmer dollar dynamic, the AUD-USD is expected to remain lackluster in the near term with risks skewed towards the lower reaches of a 0.7700- 0.7850 range in the near term. “