25 Feb 2015
Technical outlook: Antipodeans expected to range-trade – UOB
FXStreet (Barcelona) - Analysts at UOB Group, share the technical outlook for AUD/USD and NZD/USD, maintaining a neutral outlook on both.
Key Quotes
“AUD/USD: AUD tested the lower end of the expected 0.7740/0.7920 sideway range (low of 0.7740 yesterday) before rebounding sharply.”
“Despite improving short-term upward momentum, only a clear break above 0.7920 would indicate the start of a sustained mid-term AUD up-move. Otherwise, we continue to hold a neutral view for this pair.”
“NZD/USD: The dip below 0.7450 yesterday (low of 0.7422) indicates that the recent bullish NZD phase has ended.”
“The outlook for the next 1 to 2 weeks is viewed as neutral and we expect a broad trading range of 0.7400/0.7600.”
Key Quotes
“AUD/USD: AUD tested the lower end of the expected 0.7740/0.7920 sideway range (low of 0.7740 yesterday) before rebounding sharply.”
“Despite improving short-term upward momentum, only a clear break above 0.7920 would indicate the start of a sustained mid-term AUD up-move. Otherwise, we continue to hold a neutral view for this pair.”
“NZD/USD: The dip below 0.7450 yesterday (low of 0.7422) indicates that the recent bullish NZD phase has ended.”
“The outlook for the next 1 to 2 weeks is viewed as neutral and we expect a broad trading range of 0.7400/0.7600.”