29 Nov 2013
Flash: AUD/USD decline may gather momentum - UOB Group
FXstreet.com (Edinburgh) - The Market Strategy Team at UOB Group feel that AUD/USD drop lower may gather momentum.
Key Quotes
“Despite the stronger than expected rebound to the high of 0.9149 yesterday, the subsequent sharp drop is picking up momentum and will likely extend lower today.”
“Expect 0.9120/25 to act as a barrier for a move lower towards the major support at 0.9030.”
Key Quotes
“Despite the stronger than expected rebound to the high of 0.9149 yesterday, the subsequent sharp drop is picking up momentum and will likely extend lower today.”
“Expect 0.9120/25 to act as a barrier for a move lower towards the major support at 0.9030.”