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AUD/USD: knocking on the door of 0.74 - UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 12, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Analysts at UOB Group explained that the sentiment for AUD/USD is bullish.

    Key Quotes:

    "Target at 0.7320 exceeded, another leg higher to 0.7400 cannot be ruled out just yet. AUD easily exceeded the revised target at 0.7320 with a high of 0.7344."

    "While the rally appears to be overextended, another leg higher to 0.7400 cannot be ruled out but the odds for such a move are not very high. We continue to move the stop-loss higher to 0.7230 from 0.7200. Longs may like to book some profit on approach to any approach to 0.7400."
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