Back
19 Feb 2014
Flash: AUD/USD to range ahead - UOB Group
FXStreet (Barcelona) - The Market Strategy Team at UOB Group have a neutral outlook for AUD today.
Key Quotes
“In line with expectations, AUD moved higher but failed to break above the strong resistant at 0.9085 (high of 0.9081).”
“However, the deep pullback from the high has resulted in a sharp loss of the upward momentum. The outlook is neutral for today, expect sideway consolidation, likely between 0.8970 and 0.9060.”
Key Quotes
“In line with expectations, AUD moved higher but failed to break above the strong resistant at 0.9085 (high of 0.9081).”
“However, the deep pullback from the high has resulted in a sharp loss of the upward momentum. The outlook is neutral for today, expect sideway consolidation, likely between 0.8970 and 0.9060.”