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AUD/USD remains supported at 0.7415 – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 17, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The research team at UOB Group sees the Aussie dollar well supported around 0.7415.

    Key Quotes

    “The sudden overnight surge in AUD appears to have scope to extend higher but at this stage, a clear break above the major resistance at 0.7600 appears unlikely”.

    “Overall, AUD is expected to remain underpinned for today with support at 0.7510 followed by 0.7470. The low of 0.7415 is unlikely to come under threat for now”.
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