In view of FX Strategists at UOB Group, the Aussie Dollar could drop to the 0.7330/0.7300 band vs. the greenback in the next weeks. Key Quotes 24-hour view: “AUD hit a fresh 2018 low of 0.7347 before rebounding quickly. The combination of oversold condition and waning momentum suggests low risk of a break below 0.7345/50. While a retest of this level is not ruled out, any weakness is not expected to be sustained. On the upside, resistance is at 0.7415 followed by 0.7435″. Next 1-3 weeks: “The ease of which the previous year-to-date low of 0.7413 was taken out yesterday came as a surprise (note that this is the first update since 14 Jun). While the outlook has shifted to bearish, the decline that started late last week is already reaching oversold and we are likely ‘late in the game’. While further AUD weakness is not ruled out, any decline is likely limited to 0.7330, with lower odds for further extension to 0.7300. On the upside, only a break back above 0.7490 would indicate that a short-term low is in place”. 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 UK: Anti-Brexit rebel leader Grieve backs government on vote – Bloomberg FX Street 5 years In view of FX Strategists at UOB Group, the Aussie Dollar could drop to the 0.7330/0.7300 band vs. the greenback in the next weeks. Key Quotes 24-hour view: "AUD hit a fresh 2018 low of 0.7347 before rebounding quickly. The combination of oversold condition and waning momentum suggests low risk of a break below 0.7345/50. While a retest of this level is not ruled out, any weakness is not expected to be sustained. On the upside, resistance is at 0.7415 followed by 0.7435". Next 1-3 weeks: "The ease of which the previous year-to-date low of 0.7413 was taken out yesterday… 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.