AUD/USD to consolidate in the interim – OCBC

FXStreet (Barcelona) - According to OCBC Bank, AUD/USD might consolidate near 0.7800 region in the interim, rely on the global USD environment for direction in the short-term.

Key Quotes

“This morning, the Jan AiG services index improved to 49.9 from 47.5 the previous month but the AUD-USD may remain more a function of the RBA’s rate cut and the general dollar environment in the short term.”

“Expect some consolidation to persist in the region of 0.7800 in the interim.“