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Outlook for AUD remains weak - UOB Group

FXStreet (Łódź) - The Market Strategy Team at UOB Group sustain their bearish view on AUD/USD.

Key Quotes


"There is no change to the bearish view highlighted in yesterday’s update."

"The outlook for AUD remains weak but 0.8640/45 is a strong support and only a break below this level will lead to further downmove towards the next support at 0.8560."

"Expect short-term recovery to hold below 0.8755 but only a break above 0.8800 would suggest that an interim low is in place."

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