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15 Apr 2015
AUD/USD focus remains to the downside – UOB
FXStreet (Barcelona) - Analysts at UOB Group, note that AUD/USD favours the downside in the short-term, but might remain above 0.7534.
Key Quotes
“AUD tested the resistance indicated at 0.7650 yesterday (high of 0.7649) but the failure to move clearly above this level suggests that the short-term pressure is still on the downside.”
“That said, a sustained break below the year’s low at 0.7534 appears unlikely at this stage (next strong support is at 0.7460).”
Key Quotes
“AUD tested the resistance indicated at 0.7650 yesterday (high of 0.7649) but the failure to move clearly above this level suggests that the short-term pressure is still on the downside.”
“That said, a sustained break below the year’s low at 0.7534 appears unlikely at this stage (next strong support is at 0.7460).”