AUD/USD: Further advance likely beyond 0.6760 – UOB – by pabspiovano AUDUSD Currencies Majors Banks
Key Quotes
Next 1-3 weeks: “Two days ago , we stated that the rapid loss in momentum has diminished the odds for AUD to strengthen. There is no change in our view. From here, AUD must break and hold above 0.6760, or the chances of it advancing further will rapidly diminish. On the downside, a break of 0.6640 indicates that the AUD is more likely to trade in a broad consolidation range rather than strengthening.
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