AUD/USD: Extra gains now look at 0.6950 – UOB – by pabspiovano AUDUSD Currencies Majors Banks
to strengthen to the 0.6950 region in the next few weeks, suggested UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.24-hour view: “We expected AUD to weaken last Friday but we were of the view that AUD ‘is unlikely to challenge to the support at 0.6700’. AUD subsequently dropped briefly to 0.6722 before surging sharply to high of 0.6886. AUD could advance further to 0.6920. In view of the overbought conditions, the next resistance at 0.
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