Technical outlook for the antipodeans – UOB

FXStreet (Barcelona) - Analysts at UOB Group maintain a neutral outlook on AUD/USD and NZD/USD, but expect the Aussie to gradually head lower in the weeks ahead.

Key Quotes

“AUD/USD: The outlook for AUD has shifted back to neutral with the break below 0.7640 yesterday. Expect a period of sideway consolidation but AUD is expected to eventually move lower in the weeks ahead. For now, this pair is expected to trade between 0.7550 and 0.7780.”

“NZD/USD: Similar to AUD/USD, the outlook for NZD has turned neutral with the break below the stop-loss level at 0.7380 (low of 0.7373). Expect listless trading over the coming days, likely between 0.7300 and 0.7520.”