AUD/USD saw a pullback ease as it rebounded strongly to 0.7176 after dipping to 0.7122, according to United Overseas Bank's (UOB) Quek Ser Leang and Lee Sue Ann.
The pair is seen poised to clear 0.7200 on a 1-3 month horizon, targeting the year-to-date high near 0.7280.
Downward momentum is fading, and a break above 0.7190 would confirm that 0.7120 is out of reach, said UOB analysts.
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