Flash: AUD/USD trying to form a short term base - UOB Group

FXstreet.com (Barcelona) - The Market Strategy Team at UOB Group feel that AUD/USD is trying to form a near term base

Key Quotes

“The sharp recovery ahead of the strong support at 0.9030 (Friday’s low of 0.9056) indicates that this pair is trying to form a short-term base.”

“Allow for a retest of Friday’s low but as long as 0.9030 is not taken out, a rebound towards 0.9150 is likely.”