AUD/USD: Upside bias alleviated below 0.7040 – UOB – by pabspiovano AUDUSD Currencies Majors Banks
24-hour view: “We highlighted last Friday that ‘upward pressure has eased and AUD is unlikely to advance much further’ and we expected AUD to ‘trade in a range between 0.7085 and 0.7145’. Our view for range-trading was not wrong even though AUD traded within a narrower range than expected . Momentumare mostly flat and AUD could continue to trade in a range, likely between 0.7075 and 0.7125.”
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