Australian Dollar: Losing momentum near recent highs against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann observe that AUD/USD has stalled after testing 0.7040, with intraday momentum indicators turning flat and suggesting consolidation between 0.7005 and 0.7035. On a 1–3 week basis, prior upside bias is fading as the pair struggles to clear 0.7040, and a break below 0.6995 would negate prospects for a move toward 0.7070. Longer-term EMAs…
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