9 Jul 2015
AUD/USD consolidation expected – UOB
FXStreet (Barcelona) - Analysts at UOB Group expect AUD/USD to see some short-term consolidation before diving lower again.
Key Quotes
“AUD dipped to a low of 0.7372 before rebounding quickly. While further weakness is still likely the coming days, the current movement is likely the start of a short-term consolidation phase. Expect sideway trading for today, likely between 0.7395 and 0.7455.”
Key Quotes
“AUD dipped to a low of 0.7372 before rebounding quickly. While further weakness is still likely the coming days, the current movement is likely the start of a short-term consolidation phase. Expect sideway trading for today, likely between 0.7395 and 0.7455.”