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AUD/USD focus on 0.8760 – UOB Group

FXStreet (Edinburgh) - Analysts at UOB Group signalled that a close below 0.8760 would be indicative that a top is in place.

Key Quotes

“The anticipated AUD strength was much stronger than expected”.

“Upward momentum remains strong and further up-move towards 0.8835/40 is likely for today”.

“Only a move below 0.8760 would indicate that a temporary top is in place”.

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