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Home›Forex›Major Pairs›Australian Dollar: 0.7015 caps further gains against U…

Australian Dollar: 0.7015 caps further gains against US Dollar – UOB

Reported · Written up by our desk · Major Pairs

United Overseas Bank’s (UOB) Quek Ser Leang notes AUD/USD outperformed on Monday, closing at 0.6980 after China’s stronger Q3 GDP print. Short term, the Australian Dollar is seen probing 0.7000, though a sustained break above this level and the major resistance at 0.7015 is deemed unlikely.

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FXStreetAustralian Dollar: 0.7015 caps further gains against US Dollar – UOB

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