AUD/USD may continue to challenge 0.8000 floor - OCBC

FXStreet (Barcelona) - Analysts at OCBC Bank believe that the AUD/USD pair may continue to challenge 0.8000 floor in the near term.


"After losing its grip of the 0.8100 handle in the after math of the ECB, the AUD-USD also tested briefly below 0.8000 late Thu/early Fri in Asia. Our near term view remains unchanged with the pair likely to continue to challenge the 0.8000 floor as markets mull the odds of a potential RBA rate cut on the heels of the BOC."