9 Apr 2014
Still holding out from AUD/USD 0.9310 break out - UOB Group
FXStreet (Barcelona) - The Market Strategy Team at UOB Group are maintaining their bullish outlook for AUD/USD.
Key Quotes
"As highlighted in yesterday’s update, we are holding out for a break of 0.9310 for further AUD strength. The overnight high of 0.9366 was just below our target at 0.9375."
"With no signs of exhaustion just yet, a clear breach of 0.9375 would shift the focus to the next level at 0.9447. In other words, there is no change to the bullish outlook and the key support has moved higher quickly to 0.9260 from 0.9205 previously."
Key Quotes
"As highlighted in yesterday’s update, we are holding out for a break of 0.9310 for further AUD strength. The overnight high of 0.9366 was just below our target at 0.9375."
"With no signs of exhaustion just yet, a clear breach of 0.9375 would shift the focus to the next level at 0.9447. In other words, there is no change to the bullish outlook and the key support has moved higher quickly to 0.9260 from 0.9205 previously."