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16 Dec 2014
AUD/USD may see a slow drift downward – UOB
FXStreet (Barcelona) - Analysts at UOB Group, anticipate the downward AUD path to continue, targeting 0.8160 levels.
Key Quotes
“There is no change to the bearish AUD view but patchy downward momentum suggests a slow drift lower towards the next target at 0.8160. Trailing-stop is still at 0.8370 but 0.8300 is likely strong enough to contain any short-term rebound.”
Key Quotes
“There is no change to the bearish AUD view but patchy downward momentum suggests a slow drift lower towards the next target at 0.8160. Trailing-stop is still at 0.8370 but 0.8300 is likely strong enough to contain any short-term rebound.”