AUD/USD Consolidation Capped by Strong Resistance
AUD/USD has been consolidating in a narrow range after breaking above 0.7150, according to United Overseas Bank's (UOB) analysis.
The pair closed at 0.7165 on August 24, with the bank highlighting scope for further gains within a tight intraday band.
However, UOB notes that any advance is unlikely to reach 0.7200 without breaking above 0.7180 first.