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AUD/USD now targets 0.7600 – UOB Group

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    In view of the research team at UOB Group, the next hurdle for the Aussie dollar remains at 0.7600 in the short-term.

    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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