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3 Jul 2014
AUD/USD faces correction/consolidation - UOB Group
FXStreet (Barcelona) - The Market Strategy Team at UOB Group now sees the AUD/USD entering a consolidation/correction phase.
Key Quotes
"The unexpected break below the key support at 0.9410 earlier this morning has nullified the bullish outlook".
"It is likely that AUD is in a correction/consolidation phase. Expect sideway trading between 0.9330 and 0.9450 for the next 1 to 1.5 weeks."
Key Quotes
"The unexpected break below the key support at 0.9410 earlier this morning has nullified the bullish outlook".
"It is likely that AUD is in a correction/consolidation phase. Expect sideway trading between 0.9330 and 0.9450 for the next 1 to 1.5 weeks."