AUD/USD: a bullish phase kicked in? – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 3, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    In view of the research team at UOB Group, the recent close above 0.7250 could have sparked a bullish turn.

    Key Quotes

    “As mentioned yesterday, a daily closing above 0.7250 would indicate the start of a bullish phase in AUD”.

    “The target is at 0.7385, the high seen in early December. Stop-loss is at 0.7165 even though 0.7200 is already a very strong support”.
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