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AUD/USD bullish above 0.7620 – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    According to the research team at UOB Group, the outlook on the Aussie dollar points to further gains on a close above 0.7620.

    Key Quotes

    “As mentioned yesterday, a daily closing above 0.7620 would indicate a resumption of the bullish AUD trend (neutral only for one day)”.

    “The target from here is at 0.7740. Support is at 0.7590 but only a move below 0.7520 would indicate that a short-term top in place”.
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