According to analysts at UOB Group, the Aussie dollar could head towards the 0.7475/80 band in the near term. Key Quotes “We shifted to a neutral stance last Wednesday and expected the pull-back in AUD to extend lower to test the 0.7475/80 support”. “The low has been 0.7490 and the strong rebound yesterday indicates that the downward pressure has eased”. “That said, the mid-term outlook is still neutral and we expect this pair to trade in a broad 0.7490/0.7700 range, at least for another week or so”. For more information, read our latest forex news.