The Aussie dollar could edge higher to the 0.72 region vs. the greenback in the next weeks, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “We highlighted yesterday that ‘we continue to see chance for AUD to test the 0.7125 support’ and added, ‘however, in view of the lackluster momentum, the next support at 0.7095 is not expected to come into the picture’. AUD subsequently dipped to 0.7109 before staging a surprising robust rebound. The recovery has scope to move nearer to 0.7200. For today, the next resistance at 0.7225 is likely out of reach. Support is at 0.7155 followed by 0.7130. The low of 0.7109 is expected to be ‘safe’ for today.” Next 1-3 weeks: “There is not much to add to our update from Tuesday (11 Aug, spot at 0.7150). As highlighted, AUD is deemed to have moved into a consolidation phase. For these couple of weeks, AUD is expected to trade between 0.7050 and 0.7250.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD: Buying opportunity on a break below 1.2950 – Westpac FX Street 2 years The Aussie dollar could edge higher to the 0.72 region vs. the greenback in the next weeks, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “We highlighted yesterday that ‘we continue to see chance for AUD to test the 0.7125 support’ and added, ‘however, in view of the lackluster momentum, the next support at 0.7095 is not expected to come into the picture’. AUD subsequently dipped to 0.7109 before staging a surprising robust rebound. The recovery has scope to move nearer to 0.7200. For today, the next resistance at 0.7225 is likely out of reach. Support is at… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
