AUD/USD now moved to a consolidative phase – UOB – by pabspiovano AUDUSD Currencies Majors Banks
is now expected to trade within the 0.6400-0.6630 range in the next few weeks, comment Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group’s Global Economics & Markets Research.24-hour view: “Yesterday, we held the view that ‘the rapid rise in AUD could extend to 0.6550 but in view of the overbought conditions, a sustained rise above this level is unlikely’. Our view was not wrong as AUD popped to a high of 0.
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