AUD/USD: Diminished bets for further retracements – UOB – by pabspiovano AUDUSD Currencies Majors Banks
24-hour view: “AUD bungeed yesterday as it plunged to 0.6170 before snapping back up to close at 0.6298 . The large bounce has room to extend but in view of the overbought conditions, a sustained rise above 0.6350 is unlikely . Support is at 0.6260, followed by 0.6220.”
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