AUD/USD recovery may increase — UOB

FXStreet — The UOB Group analysts believe that the current recovery in the Aussie Dollar in the next few weeks to 0,7480.

Important Quotes

«Since Tuesday, our views have not changed. We believe that the recovery of the 0,7329 to 0,7480/85.»

«The AUD is quickly increased, and the High yesterday was formed in 0,7468, before it came to a rapid downward correction. As long as the key support of 0,7370 holds, an increase in the 0,7480/85. A break above this level signals that the AUD moves into a bullish Phase.”

** FXStreet News Editorial, FXStreet**

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