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AUD/USD remains bearish – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - The outlook on the pair keeps leaning towards the bearish camp, according to the research team at UOB Group.

    Key Quotes

    “The bearish phase that started more than a week ago is clearly intact as AUD cracked through the 2015 low of 0.6890/95”.

    “The next level to focus on from here is 0.6775. Stop-loss is tightened further to 0.7005 from 0.7060 last Friday”.
    For more information, read our latest forex news.
     

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