Bullish
AUD/USD rebounds from 0.7152 to 0.7171 after brief pullback; UOB forecasts further gains.
The Australian Dollar (AUD) experienced a short-term pullback from 0.7208 to 0.7152 but has since rebounded to 0.7171. United Overseas Bank (UOB) analysts suggest this correction is part of a broader uptrend, with potential for further gains toward 0.7200 and beyond.
Key points
- UOB analysts expect AUD/USD to trade within a 0.7155–0.7180 range intraday, with potential to reach 0.7200.
- The recent pullback is viewed as a normal correction within the broader uptrend, not a reversal.
- The medium-term technical outlook remains favorable for the Australian Dollar.
Sources
AI-generated from public news sources. Not financial advice.
