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Posted by
Two Blokes Jul 16 -
Filed in
Forex
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4 views
Sharp drop in Australian Dollar (AUD) looks overstretched against US Dollar (USD), but there is a chance for AUD to test 0.6500; the major support at 0.6480 is unlikely to come into view. In the longer run, there has been a tentative buildup in momentum; AUD is likely to edge lower to 0.6480, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
