21 Mar 2014
AUD/USD to consolidate into the week close - UOB Group
FXStreet (Edinburgh) - The Market Strategy Team at UOB Group are expecting AUD/USD to consolidate into the week end.
Key Quotes
"In line with expectation, the extension lower in AUD was limited with an overnight low of 0.8995. The downside risk still appears to be limited with most indicators unwinding from oversold levels.”
“Expect consolidation for today, likely between 0.9000 and 0.9070."
Key Quotes
"In line with expectation, the extension lower in AUD was limited with an overnight low of 0.8995. The downside risk still appears to be limited with most indicators unwinding from oversold levels.”
“Expect consolidation for today, likely between 0.9000 and 0.9070."