23 Feb 2015
AUD looking mildly constructive - BBH
FXStreet (Guatemala) - Analysts at Brown Brothers Harriman explained that the technical outlook for the Australian dollar is mildly constructive.
Key Quotes:
"The RSI and MACDs are trending higher and five-day average crossed above the 20-day average for the first time in nearly a month."
"A move above $0.7860 could signal a move toward $0.7930-50. We expect the bears to make a stronger stand near $0.8000."
Key Quotes:
"The RSI and MACDs are trending higher and five-day average crossed above the 20-day average for the first time in nearly a month."
"A move above $0.7860 could signal a move toward $0.7930-50. We expect the bears to make a stronger stand near $0.8000."