UOB: AUD/USD Faces Gradual Downside Toward 0.7000
UOB analysts Quek Ser Leang and Lee Sue Ann expect AUD/USD to remain under pressure, targeting a gradual decline toward 0.7000. They see intraday stabilization between 0.7015 and 0.7065.
AUDUSD
United Overseas Bank (UOB) analysts Quek Ser Leang and Lee Sue Ann maintain a negative outlook on AUD/USD over a one-to-three-week horizon.
They note that after a brief dip, the pair is likely to stabilize between 0.7015 and 0.7065 in the intraday session, but retain a bearish bias with a gradual decline toward the 0.7000 level.
Source: FXStreet Forex News