According to the research team at UOB Group, the Aussie dollar could have carved an interim top above the 0.7700 handle. Key Quotes “The break below our 0.7550 stop-loss indicates that we have seen a short-term top at 0.7723 last week (our target at 0.7740 was not met)”. “The current pull-back appears to have scope to extend lower to test the recent low at 0.7475/80”. “Overall, this pair is expected to remain under pressure from here unless it can reclaim 0.7635 in the next 1 to 2 days”. For more information, read our latest forex news.