16 Jun 2015
AUD/USD requires a move above 0.7820 to go higher – UOB
FXStreet (Barcelona) - Analysts at UOB Group, maintain a neutral outlook on AUD/USD, expecting the pair to maintain a 0.7630-0.7820 range.
Key Quotes
“While short-term momentum has improved considerably, it is too early to expect a sustained up-move in AUD. The outlook for the next 1 week or so is viewed as neutral and only a clear break above 0.7820 would indicate a higher AUD.”
“In the meanwhile, this pair is expected to continue to trade in a broad 0.7630/0.7820 range.”
Key Quotes
“While short-term momentum has improved considerably, it is too early to expect a sustained up-move in AUD. The outlook for the next 1 week or so is viewed as neutral and only a clear break above 0.7820 would indicate a higher AUD.”
“In the meanwhile, this pair is expected to continue to trade in a broad 0.7630/0.7820 range.”