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15 Jan 2015
AUD/USD might move towards 0.8375 – UOB
FXStreet (Barcelona) - Analysts at UOB Group hold a bullish view for AUD/USD and anticipate that the pair might move higher towards 0.8375 levels in the coming two weeks.
Key Quotes
“AUD plunged to a low of 0.8068 yesterday but held above the trailing-stop at 0.8035. The subsequent strong rebound from the low extended higher this morning on the back of the stronger than expected unemployment data. We continue to hold a bullish AUD view for the next couple of weeks and expect a move towards 0.8375. Trailing-stop is at 0.8065 now.”
Key Quotes
“AUD plunged to a low of 0.8068 yesterday but held above the trailing-stop at 0.8035. The subsequent strong rebound from the low extended higher this morning on the back of the stronger than expected unemployment data. We continue to hold a bullish AUD view for the next couple of weeks and expect a move towards 0.8375. Trailing-stop is at 0.8065 now.”