AUD/USD expected to advance to 0.7250 in the near term – UOB By pabspiovano AUDUSD Currencies Majors Banks
24-hour view: “Our expectations for AUD to ‘consolidate within a range of 0.7160/0.7215’ yesterday were incorrect as it rose to 0.7234. Despite the advance, upward momentum has not improved by much. However, there is room for AUD to advance further even though a clear break of the major resistance at 0.7250 is unlikely . On the downside, a breach of 0.7190 would indicate that the current mild upward pressure has eased.
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