AUD/USD fell sharply on Friday. Although the pair stages a rebound on Monday, the aussie remains sensitive to changes in sentiment, economists at OCBC Bank report.
Any further bounce to be capped at 0.7200
“The AUD/USD bias may still be towards the 0.7100 support, especially if the Omicron concerns /risk-off sentiment persists for the next few days.”
“Any further bounce should be capped at 0.7200 for now.”
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