Flash: AUD/USD is expected to remain bounded by a 0.9300-0.9500 band – OCBC

FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank, suggests that the Oct Westpac consumer confidence reading reported this morning deteriorated from the previous month but note that the AUD/USD has continued to hover above the 0.9400 handle on the back of the beleaguered dollar.

Key Quotes

“In the interim, expect the pair to remain bounded by a 0.9300-0.9500 band amid a supported tone.”