AUD/USD Upside Risks Grow Toward 0.6980 – UOB
UOB analyst Quek Ser Leang notes AUD/USD rebounded strongly from 0.6923 to 0.6959, with increasing upward momentum. Intraday upside risks are now seen toward 0.6970–0.6980, with supports at 0.6945.
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United Overseas Bank's Quek Ser Leang observed that AUD/USD staged a strong rebound from 0.6923 to 0.6959, accompanied by rapidly increasing upward momentum.
The bank now assesses intraday upside risks toward the 0.6970–0.6980 range. Key support levels are identified at 0.6945. The outlook suggests further near-term strength for the Australian dollar against the US dollar.
Source: FXStreet Forex News