The research team at UOB Group has reiterated the Aussie dollar remains vulnerable below 0.7230.
Key Quotes
“We turned neutral AUD yesterday and there is no change to the view”.
“The current movement is viewed as the early stages of a corrective pull-back that has scope to extend lower to 0.7065 and possibly 0.7030”.
“To put it another way, near term, AUD is likely under pressure unless it can reclaim 0.7230”.
(Market News Provided by FXstreet)
The post AUD/USD under pressure below 0.7230 – UOB appeared first on forex-analytics.press.