Forex Flash: AUD calendar looks busy ahead - OCBC Bank

Emmanuel Ng of OCBC Bank comments that apart from the RBA meeting last night, AUD may also have to contend with a fairly busy data calendar this week.

On the CFTC front, net speculative AUD longs continued to be depleted in the latest week and he is sticking with a sell-rally posture for the pair in the interim. He writes, “Resistance is expected towards 1.0280 while 1.0150 may look increasingly fragile (next stop 1.0100) if global sentiment continues to waver.”