The Aussie looks to be buoyant on risk-on for now, but firmer resistance may be seen at the 0.6570/80 previous high, analysts at OCBC Bank report.
Key quotes
“The risk positive environment continues to support the AUD/USD.”
“With the AUD/USD pair seeing firm gains late last week, we are slightly concerned over the potential upside from current levels.”
“The previous high at 0.6570 should present a firm resistance for now, while the first downside support enters at 0.6500.”
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