AUD/USD Still Aims to 0.7850 – UOB

AUD/USD Still Aims to 0.7850 – UOB

21 April 2016, 11:32
Roberto Jacobs
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AUD/USD Still Aims to 0.7850 – UOB

Analysts at UOB Group expect the Aussie dollar to gather further pace to the mid-0.7800s.

Key Quotes

“There is no change to our bullish as we continue to expect the current AUD strength to move to 0.7850 (break above this level would shift the focus to 0.7935)”.

“Stop-loss remains unchanged at 0.7660 even though 0.7700 is likely strong enough to hold any short-term pull-back”.

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