AUD/USD: The continuation of the uptrend needs to break above 0.6850 – UOB – by pabspiovano AUDUSD Currencies Majors Banks
clears 0.6850, suggest Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group.24-hour view: “We expected AUD to ‘trade between 0.6765 and 0.6845’ last Friday. AUD subsequently dropped to 0.6743 before rebounding quickly. We view the price movements as part of a consolidation and expect AUD to trade within a range of 0.6760/0.6850 today.”
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