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1 Jul 2014
AUD/USD remains firm - UOB Group
FXStreet (Barcelona) - The Market Strategy Team at UOB Group sees the AUD/USD extending its bull run.
Key Quotes
"While AUD traded sideways as expected yesterday, the sharp bounce off the overnight low is picking up momentum and the risk is greater on the upside for today. Expect a move above the recent high at 0.9445 but the year-to-date of 0.9460 is probably difficult to overcome. Solid support is at 0.9405 ahead of the overnight low near 0.9385/90."
Key Quotes
"While AUD traded sideways as expected yesterday, the sharp bounce off the overnight low is picking up momentum and the risk is greater on the upside for today. Expect a move above the recent high at 0.9445 but the year-to-date of 0.9460 is probably difficult to overcome. Solid support is at 0.9405 ahead of the overnight low near 0.9385/90."