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AUD/USD 0.8770 expected to hold – UOB Group

FXStreet (Edinburgh) - Quek Ser Leang, Market Strategist at UOB Group, sees any pull back in AUD/USD to be well contained around 0.8770.

Key Quotes

“The anticipated AUD strength exceeded our expectation with a high of 0.8835”.

“The upward momentum remains strong and the current rally is expected to extend towards 0.8845”.

“Expect the support at 0.8770 to hold for today”.

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