AUD/USD bullish above 0.7620 – UOB

According to the research team at UOB Group, the outlook on the Aussie dollar points to further gains on a close above 0.7620.

Key Quotes

“As mentioned yesterday, a daily closing above 0.7620 would indicate a resumption of the bullish AUD trend (neutral only for one day)”.

“The target from here is at 0.7740. Support is at 0.7590 but only a move below 0.7520 would indicate that a short-term top in place”.