AUD/USD needs a close above 0.7505 – UOB

The research team at UOB Group suggested the AUD could gain further upside traction on a close above 0.7505.

Key Quotes

“AUD took a peek above the key level of 0.7505 (high of 0.7513) before reversing rapidly”.

“As highlighted yesterday, AUD has to close above 0.7505 in order to shift the current neutral outlook to bullish. While another attempt higher is not ruled out, the odds for such a move have diminished”.