AUD/USD upside appears capped above 0.77 – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 31, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    According to the research team at UOB Group, the pair’s upside could striggle around 0.7740.

    Key Quotes

    “While the break above the month’s high of 0.7680 suggests further AUD strength is likely in the days ahead, the internal momentum is not as impulsive as we would like and the upside potential appears to be limited to 0.7740”.

    “In order to maintain the current momentum, any pull-back should be limited and a break below 0.7550 is enough to indicate that our bullish expectation for AUD is wrong”.
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