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- AUD/USD to extend the rally above 0.7750 – OCBC
AUD/USD to extend the rally above 0.7750 – OCBC
FXStreet reports that Terence Wu, FX Strategist at OCBC Bank, expects the Australian dollar to stay supported in the near-term.
“The AUD/USD bullish trajectory remains intact, with technicals still pointing to further upside for the aussie.”
“With risk environment supportive and RMB still on a firming stance, do not rule out further upside for this pair.”
“0.7750 may be the immediate target for now, but expect further extension higher.”
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