24 Mar 2015
AUD/USD to range-play – UOB
FXStreet (Barcelona) - Analysts at UOB Group expect AUD/USD to remain stuck in the 0.7655-0.7870 range this week.
Key Quotes
“While the short-term upward momentum has picked up, a break above the major resistance at 0.7870/0.7920 resistance zone is not expected, at least not for this week. 0.7655 is likely strong enough to hold any pull-back for an overall 0.7655/0.7870 trading range.”
“Support: 0.7655, 0.7550”
“Resistance: 0.7870, 0.7920”
Key Quotes
“While the short-term upward momentum has picked up, a break above the major resistance at 0.7870/0.7920 resistance zone is not expected, at least not for this week. 0.7655 is likely strong enough to hold any pull-back for an overall 0.7655/0.7870 trading range.”
“Support: 0.7655, 0.7550”
“Resistance: 0.7870, 0.7920”