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27 Nov 2013
Flash: AUD/USD recovery failed - UOB Group
FXstreet.com (Barcelona) - The Market Research Team at UOB Group comment that the expected recovery fell short of the target highlighted at 0.9240 yesterday with a high of only 0.9204.
Key Quotes
“The sharp drop to the low of 0.9089 appears incomplete and a move below this overnight low is likely.”
“The immediate resistant at 0.9170 will likely limit any bounce for move lower towards 0.9055/60 before a stronger recovery can be expected.”
Key Quotes
“The sharp drop to the low of 0.9089 appears incomplete and a move below this overnight low is likely.”
“The immediate resistant at 0.9170 will likely limit any bounce for move lower towards 0.9055/60 before a stronger recovery can be expected.”