UOB strategists turn positive on AUD/USD, setting a 0.7070 target as the pair tests key resistance levels, supported by a revised floor at 0.6985.
UOB strategists turned positive on AUD/USD in the 1-3 week view, targeting 0.7070, though resistance and slowing momentum may cap gains.
United Overseas Bank strategists have upgraded their 1-3 week outlook for the Australian Dollar against the US Dollar, citing consistent upside momentum. While the pair currently trades near 0.7036, analysts warn that resistance between 0.7045 and 0.7070 may limit further gains in the near term.
UOB strategists have adopted a positive 1-3 week view, targeting a move toward 0.7070.
Resistance is identified between 0.7045 and 0.7070, while strong support has been established at 0.6985.