AUD/USD rally eyes 0.7535 – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The rally of the Aussie dollar could extend towards the 0.7535 area, suggested the research team at UOB Group.

    Key Quotes

    AUD edged above the 0.7480 target with a high of 0.7486”.

    “While short-term conditions are severely overstretched, the outlook in the coming days still appears to be bullish and from here, the next objective is at the rather major level of 0.7535”.

    “Stop-loss is adjusted higher to 0.7320 from 0.7280 even though 0.7365 is already a strong support”.
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