1 Mar 2016
AUD/USD under pressure below 0.7230 – UOB
The research team at UOB Group has reiterated the Aussie dollar remains vulnerable below 0.7230.
Key Quotes
“We turned neutral AUD yesterday and there is no change to the view”.
“The current movement is viewed as the early stages of a corrective pull-back that has scope to extend lower to 0.7065 and possibly 0.7030”.
“To put it another way, near term, AUD is likely under pressure unless it can reclaim 0.7230”.
Key Quotes
“We turned neutral AUD yesterday and there is no change to the view”.
“The current movement is viewed as the early stages of a corrective pull-back that has scope to extend lower to 0.7065 and possibly 0.7030”.
“To put it another way, near term, AUD is likely under pressure unless it can reclaim 0.7230”.