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AUD/USD: bullish above 0.7065 - UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Analysts at UOB Group noted the levels in AUD/USD.

    Key Quotes:

    "The recent pick-up in momentum fizzled out quickly as AUD failed to move above the strong 0.7190 resistance. The outlook is mixed for today and range trading is expected, likely between 0.7125 and 0.7180.

    As highlighted in recent updates, the undertone for AUD appears to be positive as long as 0.7065/70 continues to hold. However, only a daily closing above 0.7200 would shift the outlook to bullish."
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