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19 Mar 2014
Flash: AUD/USD bullish above 0.9000 - UOB Group
FXStreet (Barcelona) - The Market Strategy Team at UOB Group, would keep the bullish stance while AUD/USD trades above the 0.9000 handle.
Key Quotes
"The critical resistant highlighted at 0.9133 previously is taken out with a high of 0.9138 early this morning. The current movement could be the early stages of a substantial up-move especially if the resistant at 0.9165/70 can be taken out convincingly".
"For now, as long as the key support at 0.9000 is intact, we will adopt a bullish stance for an immediate target of 0.9165/70 followed by 0.9240."
Key Quotes
"The critical resistant highlighted at 0.9133 previously is taken out with a high of 0.9138 early this morning. The current movement could be the early stages of a substantial up-move especially if the resistant at 0.9165/70 can be taken out convincingly".
"For now, as long as the key support at 0.9000 is intact, we will adopt a bullish stance for an immediate target of 0.9165/70 followed by 0.9240."