The research team at UOB Group has suggested that the current bullish phase in the Aussie dollar could be nearly over. Key Quotes “The rapid drop from the high of 0.7595 yesterday (holding just below the revised 0.7600 target) is a warning sign that the current bullish AUD phase may be close to an end”. “Those who are long should look to take partial profit on any attempt towards 0.7600. Stop-loss is adjusted higher to 0.7425 from 0.7400”. For more information, read our latest forex news.