UOB predicts that the AUDUSD exchange rate, currently at 0.68783, will surpass the 0.6900 level.

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AUDUSD Chart by TradingView

The current upside momentum could motivate AUD/USD to surpass the key barrier at 0.6900 in the short-term horizon, note Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group.

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