Flash: AUD/USD yet to top - UOB Group

FXStreet (Barcelona) - The Market Strategy Team at UOB Group notes that there is no sign of an AUD/USD top just yet.

Key Quotes

"0.8920: Less than dovish RBA statement led to a surge to a 3-week high of 0.8942. Despite overbought conditions, there is no sign of a top just yet.”

“Expect a move towards 0.8960 before a deeper pullback can be expected. Only a move below 0.8850 will indicate that a temporary top is in place."