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13 Jan 2016
AUD/USD a pullback to 0.6890/95 still on the cards – UOB
FXStreet (Edinburgh) -
The Aussie dollar still risks a re-test of lows in the 0.6890/95 vs. the US dollar, according to Strategists at UOB Group.
Key Quotes
“Downward momentum continues to wane but what this means is that the risk for a break below the major 0.6890/95 support has diminished”.
“Confirmation of a short-term low is only upon a move back above 0.7060. Otherwise, another attempt towards 0.6890/95 cannot be ruled out just yet”.
The Aussie dollar still risks a re-test of lows in the 0.6890/95 vs. the US dollar, according to Strategists at UOB Group.
Key Quotes
“Downward momentum continues to wane but what this means is that the risk for a break below the major 0.6890/95 support has diminished”.
“Confirmation of a short-term low is only upon a move back above 0.7060. Otherwise, another attempt towards 0.6890/95 cannot be ruled out just yet”.