AUD/USD Seen Slipping Towards 0.7475/80 – UOB
Analysts at UOB Group noted the Aussie dollar could grind lower to the 0.7475/80 band in the near term.
Key Quotes
“The price action is line with our view wherein we expect the current pull-back in AUD to extend lower to 0.7475/80”.
“Based
on the internal momentum, a move below this level would not be
surprising but a sustained drop below this level appears unlikely at
this stage”.
“Resistance is at 0.7585 and yesterday high of
0.7635/40 is unlikely to come under threat, at least not for the next
couple of days”.
(Market News Provided by FXstreet)
