AUD/USD to remain supported, 0.8275 next key level – OCBC

FXStreet (Barcelona) - The OCBC Bank Research Team notes that with markets less enamored by USD strength, the AUD/USD pair might remain supported in the near-term, with key resistance at 0.8275 levels.

Key Quotes

“We progress to a somewhat more supported stance for the AUD-USD in the near term with the markets slightly less enamored with USD strength in the near term. On the CFTC front, net leveraged AUD shorts were increased in the latest week but the net improvement in global risk appetite levels since early last week but provide near term support on dips in the pair ahead of the labor markets numbers this week. Expect the next key resistance level at around 0.8275 “