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AUD/USD constructive above 0.7065/70 – 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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    According to the research team at UOB Group, the outlook on the Aussie dollar remains positive above the 0.7065/60 band.

    Key Quotes

    “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”.
    For more information, read our latest forex news.
     

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