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28 Jan 2015
AUD bearish view intact – UOB
FXStreet (Barcelona) - Analysts at UOB Group maintain their bearish view for AUD/USD, expecting the pair to move towards 0.7700.
Key Quotes
“As long as the trailing-stop at 0.8060 is not taken out, we continue to hold a bearish AUD view from here. The initial target at 0.7905 was already met and we are expecting further down-move towards 0.7700 next. That said, 0.7900 is a strong short-term support now and this level will probably act as a solid support for the next couple of days.”
Key Quotes
“As long as the trailing-stop at 0.8060 is not taken out, we continue to hold a bearish AUD view from here. The initial target at 0.7905 was already met and we are expecting further down-move towards 0.7700 next. That said, 0.7900 is a strong short-term support now and this level will probably act as a solid support for the next couple of days.”