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9 Feb 2015
AUD further weakness likely – UOB Group
FXStreet (Barcelona) - Analysts at UOB Group, view AUD/USD to weaken further, expecting the weakness to limit to 0.7725/30.
Key Quotes
“While the weak opening this morning suggests further AUD weakness is likely, downward momentum is not strong and any down-move is likely limited to 0.7725/30.”
“That said, only a move back above 0.7815 would indicate that the downward pressure has eased.”
Key Quotes
“While the weak opening this morning suggests further AUD weakness is likely, downward momentum is not strong and any down-move is likely limited to 0.7725/30.”
“That said, only a move back above 0.7815 would indicate that the downward pressure has eased.”