FX Strategists at UOB Group see the pair attempting to retake tge 0.7300 handle and above in the near term. Key Quotes 24-hour view: “We highlighted yesterday “AUD could try to break above 0.7300 again but the prospect for a sustained move above this level is not high”. In line with expectation, AUD moved briefly above 0.7300 and touched 0.7303 but was unable to hold on to its gains. The subsequent sharp sell-off after the release of FOMC statement resulted in a rapid drop to 0.7247. The swift decline appears to be running ahead of itself and we do not expect AUD to move significantly below this level. All in, AUD is more likely to consolidate and trade sideways, likely within 0.7240/0.7295 range”. Next 1-3 weeks: “We have held the same view since last Friday (02 Nov, spot at 0.7205) wherein there is “scope for AUD to test the key and critical 0.7260 resistance”. We added, a break of this ‘key and critical’ resistance would suggest that the 0.7021 low seen on 26 Oct could be a mid to long-term bottom. From here, we are anticipating AUD to continue to move higher to the September’s peak of 0.7315. A breach of this level would shift the focus to 0.7380. On the downside, the ‘key support’ has moved higher to 0.7150 from 0.7110 yesterday. All in, we expect AUD to stay underpinned in the coming days as long as the ‘key support’ is intact”. 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 PBoC: Economy is under increasing downward pressure FX Street 4 years FX Strategists at UOB Group see the pair attempting to retake tge 0.7300 handle and above in the near term. Key Quotes 24-hour view: "We highlighted yesterday "AUD could try to break above 0.7300 again but the prospect for a sustained move above this level is not high". In line with expectation, AUD moved briefly above 0.7300 and touched 0.7303 but was unable to hold on to its gains. The subsequent sharp sell-off after the release of FOMC statement resulted in a rapid drop to 0.7247. The swift decline appears to be running ahead of itself and we do not… 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.