AUD/USD is seen navigating within 0.7000-0.7135 – UOB – by pabspiovano AUDUSD Currencies Majors Banks
24-hour view: “We highlighted yesterday that ‘the sharp and rapid rise appears to be overdone but AUD could rise above 0.7170 first before easing’. AUD subsequently rose to 0.7158 before dropping sharply to a low of 0.7069. Despite the decline, downward momentum has not improved much. Today, AUD is likely to trade in a range, expected to be between 0.7040 and 0.7110.”
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