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AUD/USD Breakout needed for further upward momentum – UOB

FXStreet (Barcelona) - The Research Team at UOB see AUD/USD gathering upward momentum if it successfully breaks above the key resistance at 0.8765/70.

Key Quotes

“The upward momentum continues to improve but only a break above the key resistant at 0.8765/70 (falling trend-line resistant & minor top) would indicate a sustained mid-term up-move."

"In the meanwhile, we continue to hold a neutral view albeit with a bias for a test of the 0.8765/70 resistant.”

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