In view of the research team at UOB Group, the Aussie dollar keeps its bullish perspective in the next 1-3 weeks.
“The sharp drop yesterday certainly does not bode well for our bullish AUD view”.
“However, confirmation of a short-term top is only upon a break below 0.7550”.
“That said, 0.7670 is acting as a very strong resistance from here and this level has to break before further AUD strength can be expected”.
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