Flash: AUD/USD is seen flat to supported in the near term - OCBC

FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank, suggests that Aug trade numbers and building approvals may provide some domestic guidance in the near term for the pair while the RBA’s McDermott speaks later this morning.

Key Quotes

“Despite the RBA meeting yesterday, we remain uncommitted to the AUD//USD in the interim although a supported tone may be expected to persist for now.”

“In the short term, the pair may thus attempt to base build around the 0.9360/00 neighborhood.”