AUD/USD remains neutral near-term – UOB

The research team at UOB Group keeps the neutral tone for the Aussie dollar in the short-term horizon.

Key Quotes

“While the outlook for AUD is still viewed as neutral, upward momentum is improving and a daily closing above 0.7200 would be a strong indication that this pair is ready to take out the recent high near 0.7242”.

“The upside risk will continue to grow unless there is a move back below the major 0.7065/70 support”.