AUD/USD still aims to 0.7415 – UOB

The research team at UOB Group expects the Aussie dollar to slips back to the 0.7415 area in the near term.

Key Quotes

“There is no change to the view wherein we expect the current decline in AUD to extend lower to test the 0.7410/15 support”.

“At this stage, a clear break below this level is not expected. Only a move back above 0.7600 would indicate the immediate downward pressure has eased”.