Gains in AUD/USD are expected to pick up pace on a breakout of 0.7350, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “Our expectation for AUD to ‘edge above the major resistance at 0.7350’ did not materialize as it traded between 0.7283 and 0.7334 before settling slightly lower at 0.7290 (-0.30%). Momentum indicators are neutral and AUD is likely to consolidate and trade sideways for today, albeit at a lower range of 0.7275/0.7325.” 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: Potential rebound in the pipeline FX Street 2 years Gains in AUD/USD are expected to pick up pace on a breakout of 0.7350, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “Our expectation for AUD to ‘edge above the major resistance at 0.7350’ did not materialize as it traded between 0.7283 and 0.7334 before settling slightly lower at 0.7290 (-0.30%). Momentum indicators are neutral and AUD is likely to consolidate and trade sideways for today, albeit at a lower range of 0.7275/0.7325.” 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… 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.