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AUD/USD upside sustained above 0.7520 – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 21, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The research team at UOB Group remains bullish on the Aussie dollar in the next 1-3 weeks.

    Key Quotes

    “We reestablished our bullish AUD view last Friday and there is no change to the outlook. As long as 0.7520 is intact, we believe the current AUD strength could extend higher to 0.7740”.

    “That said, overbought short-term condition could lead to several days of sideway consolidation first (before the next leg higher can be expected)”.
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