3 Dec 2013
Flash: AUD/USD fall part of wider consolidation range - UOB Group
FXstreet.com (Barcelona) - Market Strategists at UOB Group feel that yesterday’s AUD/USD decline might be part of a wider consolidation range.
Key Quotes
“The drop from the high of 0.9168 yesterday appears to be part of wider consolidation range instead of a continuation of the recent down- move.”
“Allow for a move towards 0.9055/60 but as long as the strong support at 0.9030 is not taken out, expect another rebound towards 0.9160.”
Key Quotes
“The drop from the high of 0.9168 yesterday appears to be part of wider consolidation range instead of a continuation of the recent down- move.”
“Allow for a move towards 0.9055/60 but as long as the strong support at 0.9030 is not taken out, expect another rebound towards 0.9160.”