30 Apr 2015
AUD/USD targeting 0.8180 – UOB
FXStreet (Barcelona) - Analysts at UOB Group maintain their bullish view on AUD/USD, expecting a move towards 0.8180 with a stop-loss at 0.7900.
Key Quotes
“The shift to a bullish AUD view yesterday was timely as the break of the key 0.7940 resistance led to a strong rally to a high of 0.8028. As highlighted yesterday, the break of 0.7940 would strongly indicate a much higher AUD in the coming weeks. From here, we are targeting a move to 0.8180. Stop-loss is at 0.7900 now (from 0.7780 yesterday).”
Key Quotes
“The shift to a bullish AUD view yesterday was timely as the break of the key 0.7940 resistance led to a strong rally to a high of 0.8028. As highlighted yesterday, the break of 0.7940 would strongly indicate a much higher AUD in the coming weeks. From here, we are targeting a move to 0.8180. Stop-loss is at 0.7900 now (from 0.7780 yesterday).”