Bullish outlook on AUD/USD from UOB.

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UOB analysts provided a bullish outlook on AUD/USD, stating that the currency pair is approaching the key level of 0.7385. UOB expects the rate to move towards 0.7440 and beyond if it breaks the resistance of 0.7385. The rate will drop only if it breaks the level of 0.7220 according to the analysts.

The currency pair closed at 0.7442 on Friday, climbing 1.24% from the previous close.

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