OctaFX | OctaFX Forex Broker
Open trading account

AUD/USD consolidation ahead? – UOB Group

FXStreet (Edinburgh) - Quek Ser Leang, Market Strategist at UOB Group, believes that the current AUD/USD's price action would be part of a broader consolidation pattern.

Key Quotes

“The intraday target indicated at 0.8915/20 yesterday was not met with a low of 0.8927”.

“While the undertone for this pair is still weak, the current rebound is likely the early part of a consolidation phase”.

“Expect range trading for today, likely between 0.8960 and 0.9015”.

USD/CAD in narrow range around 1.0960

The greenback is prolonging its sideline pattern vs. its Canadian counterpart on Friday, with the USD/CAD hovering over 1.0950/60...
Read more Previous

USD/JPY creeping up towards 110.00

Emmanuel Ng, FX Strategist at OCBC Bank, sees potential for the pair to test the psychological handle at 110.00....
Read more Next
Start livechat