AUD/USD faces solid resistance around 0.6875 – UOB – by pabspiovano AUDUSD Currencies Banks Majors
24-hour view: “We highlighted last Friday that ‘oversold conditions coupled with early signs of slowing momentum suggest AUD is unlikely to weaken much further’ and we expected AUD to ‘trade between 0.6700 and 0.6780’. However, AUD rose to a high of 0.6807 before closing on a firm note at 0.6793 . Upward momentum is beginning to build and the risk for today it tilted to the upside.
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