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AUD/USD bid above 0.8730 – UOB Group

FXStreet (Edinburgh) - Market Strategists at UOB Group believes a drop below 0.8730 will be indicative that a top in AUD/USD is in place.

Key Quotes

“While the current recovery appears to be corrective, the up-move appears incomplete and is expected to extends towards 0.8795/00”.

“Only a move back below 0.8730 would indicate that a top is in place”.

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