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AUD/USD could extend towards 0.8855 – UOB

FXStreet (Barcelona) - Analysts at UOB see AUD/USD recovery extending to 0.8855 and 0.8912 after it made an interim low.

Key Quotes

“The break of the falling trend-line at 0.8765 (November’s high as well) suggests that AUD has likely made an interim low and the current recovery could extend towards 0.8855 and possibly 0.8912 in the next 1 to 2 weeks. Only a move back below 0.8648 would indicate that the bullish view is wrong.”

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