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fxJul 8, 2026, 8:48 AM

AUD/USD Pullback Within Broader Upside Risk – UOB

United Overseas Bank analyst Quek Ser Leang says the recent AUD/USD pullback is part of a broader upside risk against the US dollar, after the pair failed to clear resistance.

AUDUSD

United Overseas Bank's Quek Ser Leang notes that the Australian dollar has pulled back from recent highs after failing to breach resistance levels.

Despite the retreat, the analyst maintains that the broader outlook remains tilted to the upside against the US dollar, suggesting the pullback is temporary within a bullish trend.

Traders should watch for further price action near key support levels to confirm whether the upside bias remains intact.

Source: FXStreet Forex News