The research team at UOB Group sees the Aussie dollar well supported around 0.7415.
“The sudden overnight surge in AUD appears to have scope to extend higher but at this stage, a clear break above the major resistance at 0.7600 appears unlikely”.
“Overall, AUD is expected to remain underpinned for today with support at 0.7510 followed by 0.7470. The low of 0.7415 is unlikely to come under threat for now”.
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