7 Oct 2014
AUD/USD bid above 0.8730 – UOB Group
FXStreet (Edinburgh) - Market Strategists at UOB Group believes a drop below 0.8730 will be indicative that a top in AUD/USD is in place.
Key Quotes
“While the current recovery appears to be corrective, the up-move appears incomplete and is expected to extends towards 0.8795/00”.
“Only a move back below 0.8730 would indicate that a top is in place”.
Key Quotes
“While the current recovery appears to be corrective, the up-move appears incomplete and is expected to extends towards 0.8795/00”.
“Only a move back below 0.8730 would indicate that a top is in place”.