14 Jan 2014
Flash: AUD strength stronger than expected - UOB Group
FXstreet.com (Barcelona) - The Market Strategy Team at UOB Group feel that AUD strength has been much stronger than expected of late.
Key Quotes
"The AUD strength was much stronger than expected as it surged to a high of 0.9086. Despite overbought conditions, there are no signs of a top just yet."
"Expect a test towards the strong resistant at 0.9095/00 but a sustained break appears unlikely for today."
"Any pullback is expected to stay above the immediate support at 0.9005/10."
Key Quotes
"The AUD strength was much stronger than expected as it surged to a high of 0.9086. Despite overbought conditions, there are no signs of a top just yet."
"Expect a test towards the strong resistant at 0.9095/00 but a sustained break appears unlikely for today."
"Any pullback is expected to stay above the immediate support at 0.9005/10."