Forex Flash: Look for AUD/USD to revisit 1.0115 - NAB

After the RBA communicated last week that they still remain comfortably on hold, according to NAB strategists, "upcoming data in Australia will need to be very weak to shift RBA expectations."

The bank also notes that "market still prefers to trim longs/play from the short side" adding that "with risk appetite and the USD no longer unambiguously negatively correlated, we look for AUD/USD last week's lows to be revisited before Q1 is out."