Quotes from Westpac Research:
- AUD/USD 1 day: A slight upward bias today towards 0.7850. Australian wage inflation and the China PMI are risks today.
- AUD/USD 1-3 month: Falling AU interest rates and commodity prices, and a strong US dollar, should continue to weigh on the AUD during the next few months. The next major downside target is 0.7500.