AUD/USD keeps the upside momentum well and sound – UOB By pabspiovano AUDUSD Currencies Banks Majors
24-hour view: “While our view for AUD to advance was correct, we underestimated the upward momentum as it easily cracked the major resistance at 0.7365 . Further AUD strength is not ruled out but deeply overbought conditions suggest that any advance is unlikely to break the next major resistance at 0.7440 . On the downside, a breach of 0.7330 would indicate that the current strong upward pressure has eased.
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