8 Jul 2015
AUD/USD expected to move lower towards 0.7350 – UOB
FXStreet (Barcelona) - Analysts at UOB Group, continue to see bearish potential for AUD/USD towards 0.7350.
Key Quotes
“In line with our bearish expectation, AUD continues to drop sharply touching an overnight low of 0.7398. There is no change to our view and we continue to expect a move to 0.7350, likely in the next 1 to 2 days. The next significant support below this level is at 0.7220. Stop-loss level has moved lower to 0.7530 from 0.7650.”
Key Quotes
“In line with our bearish expectation, AUD continues to drop sharply touching an overnight low of 0.7398. There is no change to our view and we continue to expect a move to 0.7350, likely in the next 1 to 2 days. The next significant support below this level is at 0.7220. Stop-loss level has moved lower to 0.7530 from 0.7650.”