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AUD/USD a stab above 0.7300 still on the cards – UOB

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In view of the research team at UOB Group, the Aussie dollar could still attempt a visit of the 0.7320/25 area.

    Key Quotes

    “While the pullback from the recent high of 0.7259 has been deeper than expected, the stop-loss for our bullish AUD view is still intact at 0.7130”.

    “As long as this level is not taken out, we continue to expect a move to 0.7325/30 even though 0.7259 is acting as a very strong resistance now and this level will not be easy to crack”.
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