FXStreet (Barcelona) – Analysts at UOB Group see limited downside potential for AUD/USD, expecting 0.7420/25 to hold the losses for the pair.
Key Quotes
“While further AUD weakness is still likely in the days ahead, the current down-move is overly extended and even a break below 0.7450 is likely limited to 0.7420/25. On the upside, the overnight high of 0.7530/35 is acting as a strong intraday resistance.”
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