AUD/USD needs to clear 0.6950 to retest 0.7000 – UOB – by pabspiovano AUDUSD Currencies Majors Banks
to have another chance to revisit the 0.7000 mark in the near term, suggest Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group.24-hour view: “Yesterday, we highlighted that AUD ‘is unlikely to advance much further’ and we expected it to ‘trade between 0.6870 and 0.6950’. While AUD did not advance further, it traded within a range of 0.6860/0.6930. The price actions are likely part of a consolidation phase and AUD is likely to trade between 0.6855 and 0.6925 today.
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