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AUD/USD keeps its bearish outlook – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 23, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The perspective for the Aussie dollar is tilted towards the bullish side, according to the research team at UOB Group.

    Key Quotes

    “There is no change to the current bullish AUD view and we continue to target a move to 0.7740”.

    “That said, the current short-term consolidation phase appears incomplete and this pair may trade sideways for another 1 to 2 days more”.

    “Only a clear and clean break above 0.7680 would indicate that the next leg higher has started. Stop-loss is unchanged at 0.7520”.
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