AUD/USD still bullish, resistance at 0.7670 – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 5, 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 Aussie dollar keeps its bullish perspective in the next 1-3 weeks.

    Key Quotes

    “The sharp drop yesterday certainly does not bode well for our bullish AUD view”.

    “However, confirmation of a short-term top is only upon a break below 0.7550”.

    “That said, 0.7670 is acting as a very strong resistance from here and this level has to break before further AUD strength can be expected”.
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