AUD/USD in an interesting technical picture – BBH

By FXStreet FXStreet (Guatemala) – Analysts at Brown Brothers Harriman explained that the Australian dollar is interesting from a technical perspective.

Key Quotes:

“It is testing a key resistance band that begins near $0.7375 and runs a bit above $0.7400.”

“A push above there cold spur another 1% advance. Some favorable data and a central bank that out of the picture for the next couple of months have provided some fundamental incentive to reduce short exposure. At the same time, the Aussie has decoupled from iron ore prices, which have fallen to new multi-year lows.”
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Source:: FX Street