Australian Dollar: Uptrend building toward 0.7035 against US Dollar – UOB
UOB strategists Quek Ser Leang and Lee Sue Ann note that AUD/USD benefited from the weaker US Dollar and reclaimed the 0.70 handle, with momentum strengthening faster than expected. Intraday gains may be capped within a tight range, but the 1–3 week outlook now points to further upside toward 0.7035, provided the pair holds above a nearby strong support zone.
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