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19 Feb 2014
Flash: AUD/USD remains capped by 0.9085 - UOB Group
FXStreet (Barcelona) - The Market Strategy Team at UOB Group notes that the AUD/USD failed to follow trough recent peaks beyond 0.9080.
Key Quotes
"In line with expectations, AUD moved higher but failed to break above the strong resistant at 0.9085 (high of 0.9081). However, the deep pullback from the high has resulted in a sharp loss of the upward momentum".
"The outlook is neutral for today, expect sideway consolidation, likely between 0.8970 and 0.9060."
Key Quotes
"In line with expectations, AUD moved higher but failed to break above the strong resistant at 0.9085 (high of 0.9081). However, the deep pullback from the high has resulted in a sharp loss of the upward momentum".
"The outlook is neutral for today, expect sideway consolidation, likely between 0.8970 and 0.9060."