AUD/USD Door Open for a Test of 0.7410 – UOB

AUD/USD Door Open for a Test of 0.7410 – UOB

5 May 2016, 13:49
Roberto Jacobs
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AUD/USD Door Open for a Test of 0.7410 – UOB

The Aussie dollar could see its downside extended to the 0.7410 area, according to analysts at UOB Group.

Key Quotes

“We turned bearish yesterday but as mentioned, it appears likely that we have the bulk of the current AUD weakness”.

“That said, another leg lower to 0.7410 would not be surprising and only a move back above 0.7690 would indicate that a short-term low is in place”.


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