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Posted by
Two Blokes Tue at 11:15 AM -
Filed in
Forex
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Slight increase in momentum suggests Australia Dollar (AUD) could test 0.6350 against US Dollar (YSD); the major support at 0.6330 is unlikely to come under threat. In the longer run, AUD must break and hold below 0.6370 before a move to 0.6330 can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
