18 Dec 2014
AUD/USD outlook still bearish – UOB
FXStreet (Barcelona) - According to Analysts at UOB Group, the outlook for the AUD/USD pair still remains bearish in spite of the oversold conditions, further anticipating a move towards 0.8065.
Key Quotes
“Despite oversold conditions, the outlook for this pair is still bearish and the focus is on a move towards the 2010 low of 0.8065. This is a key support and based on the current momentum, it may not break so easily. Trailing-stop has edged lower to 0.8270 from 0.8300.”
Key Quotes
“Despite oversold conditions, the outlook for this pair is still bearish and the focus is on a move towards the 2010 low of 0.8065. This is a key support and based on the current momentum, it may not break so easily. Trailing-stop has edged lower to 0.8270 from 0.8300.”