Australian Dollar: Uptrend building toward 0.7035 against US Dollar – UOB UOB strategists Quek Ser Leang and Lee Sue Ann note that AUD/USD benefited from the weaker US Dollar and reclaimed the 0.70 handle, with momentum strengthening faster than expected.
Intraday gains may be capped within a tight range, but the 1–3 week outlook now points to further upside toward 0.7035, provided the pair holds above a nearby strong support