AUD/USD: Outlook remains weak for the time being – UOB – by pabspiovano AUDUSD Currencies Majors Banks
risks further pullbacks in the short term.24-hour view: “We highlighted yesterday that ‘the rebound amid oversold conditions suggest AUD is unlikely to weaken further’ and we expected AUD to consolidate within a range of 0.6710/0.6775. Our view for consolidation was not wrong even though AUD traded within a narrower range than expected . AUD could continue to consolidate, likely between 0.6695 and 0.6750.”for AUD remains weak and the next levels to watch are at 0.6680 and 0.6630.
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