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AUD/USD: Bulls nervous at mid 0.78 - UOB

FXStreet (Guatemala) - Analysts at UOB Group noted the bullish conditions surrounding AUD/USD currently.

"Despite improving short-term upward momentum, we continue to view the current movement as part of a broad consolidation range."

"However, we have tightened the expected range to 0.7650/0.7850 from
0.7570/0.7850 previously."

"From here, a move higher to test 0.7850 will not be surprising but based on the momentum indicators, a clear break above this level appears unlikely."

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