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AUD/USD a pullback to 0.6890/95 still on the cards – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 13, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) -
    The Aussie dollar still risks a re-test of lows in the 0.6890/95 vs. the US dollar, according to Strategists at UOB Group.

    Key Quotes

    “Downward momentum continues to wane but what this means is that the risk for a break below the major 0.6890/95 support has diminished”.

    “Confirmation of a short-term low is only upon a move back above 0.7060. Otherwise, another attempt towards 0.6890/95 cannot be ruled out just yet”.
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