In opinion of the research team at UOB Group, the pair could still reach the 0.7325/30 band in the next weeks.
Key Quotes
“The stop-loss for out bullish view at 0.7130 is still intact as AUD dipped to a low of 0.7156 yesterday”.
“We remain optimistic that this pair will break above the recent 0.7260 high but the 0.7325/30 target may be out of reach until early or middle of next week. Stop-loss remains unchanged at 0.7130 for now”.
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