10 Apr 2014
AUD with scope to climb? - UOB Group
FXStreet (Barcelona) - The Market Strategy Team at UOB Group believe that AUD has scope to climb higher.
Key Quotes
"The clear breach above of 0.9375 suggests that AUD has the scope to continue to move higher towards the next target at 0.9447.
Overbought short-term conditions may lead to consolidation for a couple of days but as long as the key support at 0.9260 is intact, the outlook is still clearly bullish."
Key Quotes
"The clear breach above of 0.9375 suggests that AUD has the scope to continue to move higher towards the next target at 0.9447.
Overbought short-term conditions may lead to consolidation for a couple of days but as long as the key support at 0.9260 is intact, the outlook is still clearly bullish."