4 Nov 2014
Outlook for AUD remains weak - UOB Group
FXStreet (Łódź) - The Market Strategy Team at UOB Group sustain their bearish view on AUD/USD.
Key Quotes
"There is no change to the bearish view highlighted in yesterday’s update."
"The outlook for AUD remains weak but 0.8640/45 is a strong support and only a break below this level will lead to further downmove towards the next support at 0.8560."
"Expect short-term recovery to hold below 0.8755 but only a break above 0.8800 would suggest that an interim low is in place."
Key Quotes
"There is no change to the bearish view highlighted in yesterday’s update."
"The outlook for AUD remains weak but 0.8640/45 is a strong support and only a break below this level will lead to further downmove towards the next support at 0.8560."
"Expect short-term recovery to hold below 0.8755 but only a break above 0.8800 would suggest that an interim low is in place."