Australian Dollar: Upside Risk Intact Above Support Against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann note AUD/USD rebounded to close around 0.7062 after the RBA left its cash rate at 4.35%. Intraday, they see scope for the Australian Dollar to edge higher, though a sustained break above 0.7075 is unlikely Over 1–3 weeks, upside