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AUD/USD next hurdle appears at 0.7600 – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 10, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The research team at UOB Group has noted the next hurdle for the Aussie dollar could be around the 0.7600 area.

    Key Quotes

    “The high of 0.7528 held just below the 0.7535 objective”.

    “The pull-back from the high is likely a short-term consolidation phase and the probability for a move above 0.7535 in the coming days appear to be quite high”.

    “The next resistance is at 0.7600. Stop-loss is adjusted higher to 0.7360 from 0.7320”.
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