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24 Feb 2014
Flash: AUD/USD to range ahead? - UOB Group
FXStreet (Barcelona) - Market Strategists at UOB Group notes that AUD/USD has a neutral outlook for the week, and to expect choppy trading between 0.8925 and 0.9085.
Key Quotes
“The failure to overcome the immediate resistant at 0.9086 last week and the subequent pullback has resulted in a mixed outlook for this week. Key levels are at 0.8925 and 0.9085, only a break out of this range will lead to a more sustained move.”
“Supports: 0.8925, 0.8875. Resistants: 0.9030, 0.9086.”
Key Quotes
“The failure to overcome the immediate resistant at 0.9086 last week and the subequent pullback has resulted in a mixed outlook for this week. Key levels are at 0.8925 and 0.9085, only a break out of this range will lead to a more sustained move.”
“Supports: 0.8925, 0.8875. Resistants: 0.9030, 0.9086.”