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1 Feb 2016
AUD/USD well supported around 0.70 – UOB
FXStreet (Edinburgh) - The Aussie dollar appears well supported around the psychological handle at 0.70, according to strategists at UOB Group.
Key Quotes
“As mentioned last Friday, despite improving momentum, only a daily closing above 0.7110 would indicate the start of a sustained up-move in AUD”.
“In the meanwhile, this pair is expected to trade sideways, albeit with a positive tone with strong support at 0.7005/10”.
Key Quotes
“As mentioned last Friday, despite improving momentum, only a daily closing above 0.7110 would indicate the start of a sustained up-move in AUD”.
“In the meanwhile, this pair is expected to trade sideways, albeit with a positive tone with strong support at 0.7005/10”.