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AUD/USD remains neutral near-term – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 16, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The research team at UOB Group keeps the neutral tone for the Aussie dollar in the short-term horizon.

    Key Quotes

    “While the outlook for AUD is still viewed as neutral, upward momentum is improving and a daily closing above 0.7200 would be a strong indication that this pair is ready to take out the recent high near 0.7242”.

    “The upside risk will continue to grow unless there is a move back below the major 0.7065/70 support”.
    For more information, read our latest forex news.
     

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