7 Jul 2015
AUD/USD weakness might stay limited to 0.7420/25 – UOB
FXStreet (Barcelona) - Analysts at UOB Group see limited downside potential for AUD/USD, expecting 0.7420/25 to hold the losses for the pair.
Key Quotes
“While further AUD weakness is still likely in the days ahead, the current down-move is overly extended and even a break below 0.7450 is likely limited to 0.7420/25. On the upside, the overnight high of 0.7530/35 is acting as a strong intraday resistance.”
Key Quotes
“While further AUD weakness is still likely in the days ahead, the current down-move is overly extended and even a break below 0.7450 is likely limited to 0.7420/25. On the upside, the overnight high of 0.7530/35 is acting as a strong intraday resistance.”