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AUD/USD still points to a test of 0.7200 – UOB

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The Aussie dollar could still stab the 0.7200 level, according to the research team at UOB Group.

    Key Quotes

    “Despite the drop from the high of 0.7182 yesterday, the undertone for AUD still appears positive”.

    “As long as the major 0.7065/70 support continues to hold, another attempt to move clearly above 0.7200 cannot be ruled out just yet (only daily closing above 0.7200 would shift outlook to bullish)”.
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