In opinion of FX Strategists at UOB Group, the short-term stance in AUD/USD remains positive. Key Quotes 24-hour view: “Yesterday, we held the view that AUD ‘could grind higher towards 0.7195 and that the next resistance at 0.7230 is likely out of reach’. AUD subsequently rose to a high of 0.7209 before pulling back. Upward pressure is beginning to ease and AUD is unlikely to strengthen further. That said, it is premature to expect a significant pull-back. All in, AUD could drift lower but any weakness is viewed as part of 0.7140/0.7205 range.” Next 1-3 weeks: “There is not much to add to our latest update from Wednesday (30 Sep, spot at 0.7140). As highlighted, while the overall movement in AUD is viewed as part of a consolidation phase, the short-term bias is titled to the upside. However, any advance is viewed as part of a broader range of 0.7030/0.7230. In other words, a sustained rise above 0.7230 is unlikely.” 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 Gold Price Analysis: XAU/USD on the path of least resistance above $1,900 on Trump’s quarantine – Confluence Detector FX Street 2 years In opinion of FX Strategists at UOB Group, the short-term stance in AUD/USD remains positive. Key Quotes 24-hour view: “Yesterday, we held the view that AUD ‘could grind higher towards 0.7195 and that the next resistance at 0.7230 is likely out of reach’. AUD subsequently rose to a high of 0.7209 before pulling back. Upward pressure is beginning to ease and AUD is unlikely to strengthen further. That said, it is premature to expect a significant pull-back. All in, AUD could drift lower but any weakness is viewed as part of 0.7140/0.7205 range.” Next 1-3 weeks: “There is not much… 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.
