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AUD/USD gains appear capped near 0.7240 – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    According to the research team at UOB Group, the Aussie dollar could remain within a 0.6950-0.7240 range vs. the dollar in the near term.

    Key Quotes

    AUD traded in a choppy manner yesterday and we continue to remain neutral for now”.

    “The current movement is viewed as part of a broad consolidation phase. Expected range; 0.6950/0.7240”.
    For more information, read our latest forex news.
     

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