Bullish target of 0.7740 on AUD/USD from UOB.

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UOB provided bullish outlook on AUD/USD.

“There is no change to the current bullish AUD view and we continue to target a move to 0.7740. That said, the current short-term consolidation phase appears incomplete and this pair may trade sideways for another 1 to 2 days more. Only a clear and clean break above 0.7680 would indicate that the next leg higher has started” written in the report.

As of 3:30 PM EDT the pair was trading at 0.7543, which is 0.45% higher than the previous close.

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