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17 Mar 2014
Flash: AUD/USD boxed in - UOB Group
FXStreet (Barcelona) - Quek Ser Leang, Market Strategist at UOB Group notes that AUD/USD is boxed between 0.8923 and 0.9133.
Key Quotes
“The outlook for this pair is mixed and further choppy two-way trade is expected this week. AUD is likely boxed in by the strong support at 0.8923 and equally strong resistant at 0.9133. Only a break out of this range will suggest a more sustained mid-term move.”
“Supports: 0.8970, 0.8923. Resistants: 0.9070, 0.9133.”
Key Quotes
“The outlook for this pair is mixed and further choppy two-way trade is expected this week. AUD is likely boxed in by the strong support at 0.8923 and equally strong resistant at 0.9133. Only a break out of this range will suggest a more sustained mid-term move.”
“Supports: 0.8970, 0.8923. Resistants: 0.9070, 0.9133.”