Back
3 Dec 2014
Bearish outlook for AUD/USD – UOB
FXStreet (Barcelona) - The UOB Group Research Team confirms a bearish outlook for the AUD/USD pair, while anticipating it to fall further towards 0.8340 level.
Key Quotes
“The target at 0.8400 was met earlier this morning with a sharp drop to a low of 0.8392. The outlook is still clearly bearish and we are expecting further AUD weakness towards 0.8340. The trailing-stop has moved lower to 0.8550 from 0.8620 previously.”
Key Quotes
“The target at 0.8400 was met earlier this morning with a sharp drop to a low of 0.8392. The outlook is still clearly bearish and we are expecting further AUD weakness towards 0.8340. The trailing-stop has moved lower to 0.8550 from 0.8620 previously.”