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AUD/USD bullish, targets 0.7260 – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Aussie dollar could be heading towards the 0.7260 area, according to the research team at UOB Group.

    Key Quotes

    “We shifted to a bullish stance yesterday targeting a move to 0.7260. Currently, there is no change to the view”.

    “A break above 0.7260 would shift the focus to 0.7330. Stop-loss is unchanged at 0.7070 even though 0.7150/55 is already a strong support”.
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