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AUD/USD: 0.7110 resistance on the cards? - UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Analysts at UOB Group explained that the outlook for AUD shifted to neutral last Friday and there is no change to the view.

    Key Quotes:

    "The current movement is likely part of a corrective rebound which could extend higher to test the 0.7110 resistance.

    Strong support is at 0.6875 and the recent low of 0.6820 is unlikely to come under threat in the coming week."
    For more information, read our latest forex news.

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