AUD/USD still bullish, resistance at 0.7670 – UOB

In view of the research team at UOB Group, the Aussie dollar keeps its bullish perspective in the next 1-3 weeks.

Key Quotes

“The sharp drop yesterday certainly does not bode well for our bullish AUD view”. 

“However, confirmation of a short-term top is only upon a break below 0.7550”. 

“That said, 0.7670 is acting as a very strong resistance from here and this level has to break before further AUD strength can be expected”.