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AUD/USD well supported around 0.70 – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) - The Aussie dollar appears well supported around the psychological handle at 0.70, according to strategists at UOB Group.

    Key Quotes

    “As mentioned last Friday, despite improving momentum, only a daily closing above 0.7110 would indicate the start of a sustained up-move in AUD”.

    “In the meanwhile, this pair is expected to trade sideways, albeit with a positive tone with strong support at 0.7005/10”.
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