The tech heads at United Overseas Bank take a look at 5 key pairs
UOB analysts say that the aussie trend may be running out of steam.
AUD/USD: Bullish: To take half profit at 0.7775/80.
The stop-loss for our bullish view at 0.7660 is barely intact as AUD touched a low of 0.7662 earlier. It is increasingly likely that the 3-week bullish phase is coming to an end. Only a sustained move back above 0.7710 would improve the prospect for another leg higher to 0.7775/80.