12 Dec 2013
Flash: AUD/USD potential for deeper decline - UOB Group
FXstreet.com (Barcelona) - Market Strategists at UOB Group note that the unexpected AUD/USD break below 0.9080 lead to a drop of 0.9035 early this morning.
Key Quotes
“With no signs of stabilization yet, expect further down-move towards 0.9005/10 before a recovery can be expected.”
“A move below the recent low of 0.8990 is unlikely but a clear break below this level will likely lead to a much deeper down-move in the coming days.”
Key Quotes
“With no signs of stabilization yet, expect further down-move towards 0.9005/10 before a recovery can be expected.”
“A move below the recent low of 0.8990 is unlikely but a clear break below this level will likely lead to a much deeper down-move in the coming days.”