The research team at UOB Group remains bullish on the Aussie dollar in the next 1-3 weeks.
“We reestablished our bullish AUD view last Friday and there is no change to the outlook. As long as 0.7520 is intact, we believe the current AUD strength could extend higher to 0.7740”.
“That said, overbought short-term condition could lead to several days of sideway consolidation first (before the next leg higher can be expected)”.
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