In view of the research team at UOB Group, the Aussie dollar could extend the upside momentum towards 0.7740.
Key Quotes
“We just turned bullish yesterday and there is no change to the view. As highlighted, the upside potential appears to be limited to 0.7740 (the next significant resistance is at 0.7850)”.
“There is no change to the stop-loss at 0.7550 but 0.7600 is already a strong support”.
(Market News Provided by FXstreet)