In opinion of FX Strategists at UOB Group, AUD/USD is seen gaining extra momentum on a close above 0.7350. Key Quotes 24-hour view: “We highlighted yesterday that ‘the bias is tilted to the downside but any weakness is likely limited to a test of the 0.7235 support’. However, AUD rebounded strongly after touching a low of 0.7254 before extending its gains earlier this morning. Upward momentum is beginning to improve and AUD could edge above the major resistance at 0.7350. That said, a sustained advance above this level is unlikely (next resistance is at 0.7375). Support is at 0.7300 followed by 0.7275.” Next 1-3 weeks: “We have held the same view since last Friday (11 Sep, spot at 0.7265) wherein AUD ‘is in a consolidation phase and could trade between 0.7200 and 0.7350 for some time’. After a week, upward momentum is showing tentative sign of picking up. While a move above 0.7350 would not be surprising, AUD has to close above this major resistance before further gains towards 0.7400 can be expected. At this stage, the prospect for such a move is not high but it would continue to increase as long as AUD does not move below 0.7250 within these few days.” 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 Natural Gas Futures: Extra losses in the pipeline FX Street 2 years In opinion of FX Strategists at UOB Group, AUD/USD is seen gaining extra momentum on a close above 0.7350. Key Quotes 24-hour view: “We highlighted yesterday that ‘the bias is tilted to the downside but any weakness is likely limited to a test of the 0.7235 support’. However, AUD rebounded strongly after touching a low of 0.7254 before extending its gains earlier this morning. Upward momentum is beginning to improve and AUD could edge above the major resistance at 0.7350. That said, a sustained advance above this level is unlikely (next resistance is at 0.7375). Support is at 0.7300 followed… 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.