Back
28 Nov 2013
Flash: AUD/USD bearish below 0.9140 – UOB Group
FXstreet.com (Barcelona) - The Market Research Team at UOB Group note that the overnight AUD/USD low of 0.9065 did not quite reach the target highlighted at 0.9055/60 yesterday.
Key Quotes
“While the outlook remains negative, the downward momentum is not very strong and any further down-move will likely be slow and grinding in nature.”
“As long as any short-term recovery were to stay below 0.9140, another leg lower towards the major support at 0.9030 can be expected.”
Key Quotes
“While the outlook remains negative, the downward momentum is not very strong and any further down-move will likely be slow and grinding in nature.”
“As long as any short-term recovery were to stay below 0.9140, another leg lower towards the major support at 0.9030 can be expected.”