10 Jul 2014
AUD/USD consolidation ahead? - UOB Group
FXStreet (Barcelona) - The Market Strategy Team at UOB Group sees the current AUD price action as part of a consolidative phase.
Key Quotes
"AUD touched a high of 0.9459 earlier this morning and took out the key resistant for our bearish view at 0.9445".
"The current rally is likely part of a broader consolidation phase instead of the start of a new bullish phase. Expect 0.9350/0.9505 range for the next 1 to 1.5 week."
Key Quotes
"AUD touched a high of 0.9459 earlier this morning and took out the key resistant for our bearish view at 0.9445".
"The current rally is likely part of a broader consolidation phase instead of the start of a new bullish phase. Expect 0.9350/0.9505 range for the next 1 to 1.5 week."