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18 Mar 2014
Flash: AUD/USD to test range to upside? - UOB Group
FXStreet (Barcelona) -Quek Ser Leang, Market Strategist at UOB Group believes AUD/USD could attempt to break out of its recent range.
Key Quotes
“Despite the stronger than expected short-term rebound yesterday, AUD is still trading inside the 0.8923 to 0.9133 consolidation range.”
“However, there are some early signs that a move above the critical resistant at 0.9133 is imminent. In other words, a break above 0.9133 will shift the current neutral outlook to bullish.”
Key Quotes
“Despite the stronger than expected short-term rebound yesterday, AUD is still trading inside the 0.8923 to 0.9133 consolidation range.”
“However, there are some early signs that a move above the critical resistant at 0.9133 is imminent. In other words, a break above 0.9133 will shift the current neutral outlook to bullish.”