1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

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

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    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."
    For more information, read our latest forex news.
     

Share This Page