Quantcast

Flash: AUD/USD bearish below 0.9140 – UOB Group

FXstreet.com (Barcelona) – The Market Research Team at UOB Group note that the overnight AUD/USD low of 0.9065 did not quite reach the target highlighted at 0.9055/60 yesterday.

Key Quotes

“While the outlook remains negative, the downward momentum is not very strong and any further down-move will likely be slow and grinding in nature.”

“As long as any short-term recovery were to stay below 0.9140, another leg lower towards the major support at 0.9030 can be expected.”
For more information, read our latest forex news. …read more