FXStreet (Edinburgh) – The outlook on the pair keeps leaning towards the bearish camp, according to the research team at UOB Group.
Key Quotes
“The bearish phase that started more than a week ago is clearly intact as AUD cracked through the 2015 low of 0.6890/95”.
“The next level to focus on from here is 0.6775. Stop-loss is tightened further to 0.7005 from 0.7060 last Friday”.
(Market News Provided by FXstreet)