AUD/USD now targets 0.7600 – UOB Group

In view of the research team at UOB Group, the next hurdle for the Aussie dollar remains at 0.7600 in the short-term.

Key Quotes

“The high of 0.7528 held just below the 0.7535 objective”.

“The pull-back from the high is likely a short-term consolidation phase and the probability for a move above 0.7535 in the coming days appear to be quite high”.

“The next resistance is at 0.7600. Stop-loss is adjusted higher to 0.7360 from 0.7320”.