Australian Dollar: Upside scope toward 0.7060 cap against US Dollar – UOB

UOB’s Quek Ser Leang and Lee Sue Ann note AUD/USD has shifted into a slightly higher intraday range after touching 0.7055 in early Asia, with scope to test 0.7060 while major resistance at 0.7070 is seen out of reach and support at 0.7020.