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AUD/USD bullish, eyes 0.7740 – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 1, 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 Aussie dollar could extend the upside momentum towards 0.7740.

    Key Quotes

    “We just turned bullish yesterday and there is no change to the view. As highlighted, the upside potential appears to be limited to 0.7740 (the next significant resistance is at 0.7850)”.

    “There is no change to the stop-loss at 0.7550 but 0.7600 is already a strong support”.
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