AUD/USD dip towards 0.7565/70 likely – UOB

FXStreet (Barcelona) – Analysts at UOB Group expect AUD/USD’s downmove to extend towards 0.7565/70 before the pair rebounds higher.

Key Quotes

“AUD dipped below the early June’s low of 0.7598 to touch 0.7587 early this morning. Down-move appears incomplete and another leg lower to 0.7565/70 is likely before a stronger rebound can be expected. Strong resistance is at 0.7675.”

Analysts at UOB Group expect AUD/USD’s downmove to extend towards 0.7565/70 before the pair rebounds higher.

(Market News Provided by FXstreet)