UBS AG, a Swiss global financial services company, set 0.7350 as very important resistance in AUD/USD. According to the analysis, this level is a key and very strong and currently is a real barrier for the rise.
UBS are sanguine to AUD in the short term, expect a continuing correction to 0.7400 level.
Upon reaching this level, UBS recommends clients to close long and again enter in short positions with short-term target around 0.7200 with a stop above 0.7535
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