AUD: Look for more sellers to emerging near $0.7520 - BBH

Analysts at Brown Brothers Harriman, notes that the Australian dollar was the strongest of the major currencies last week, gaining nearly 1.4% against the US dollar. 

Key Quotes

“The Aussie had bottomed at the start of the week in front of $0.7300 after toying with the ceiling above $0.7700 as recently as November 10. If Aussie's correction began earlier than most of the other majors, it ought not to surprise if it ends first.  A move back below $.0.7380 would like signal a top is in place.   It ran into some selling before the weekend as it had approached the $0.7480 area, a retracement objective of the last leg down that began in the middle of the month from near $0.7580. If that $0.7480 is not a sufficient cap, look for more sellers to emerging near $0.7520.”