FXStreet — The UOB Group team of Analysts takes a look at the recent AUD/USD exchange rate development.
«After the strong recovery of the 0,7556 High on Tuesday (2. April), was the strong decline in the AUD yesterday as a Surprise. While the decline seems to be exhausted, there is an improvement in the dynamics and there is room for Expansion in the direction of 0,7370 (next support at 0,7330).»
«Overall, the AUD is under pressure when it comes in the next few days to no increase in about 0,7485 (important resistance at 0,7550).»
** FXStreet News Editorial, FXStreet**Forex Stock Trade