In view of the research team at UOB Group, the Aussie dollar could returns towards the 0.7415/10 band in 1-3 weeks. Key Quotes “The unexpected sharp drop suggests that AUD has topped at the high of 0.7649 yesterday (target at 0.7740 not met)”. “The current decline is viewed as a corrective pull-back but strong short-term downward momentum suggests that an extension lower to test last week’s low near 0.7410/15 would not be surprising”. “Resistance is at 0.7580 but only a move back above 0.7620 would indicate short-term stabilization”. For more information, read our latest forex news.