Analytics / Forex News
AUD/USD further rangebound likely – UOB Pablo Piovano
09:00 23 May /2016 Forex
According to the research team at UOB Group, the Aussie dollar is seen extending its sideline pattern in the next weeks.
“AUD traded in a tight range of less than 50 pips last Friday. Neutral indicators continue to suggest further range trading even though the bias is for a stronger rebound to test the 0.7260 resistance”.
“There is not much to add as AUD traded mostly sideways last Friday. The outlook is still viewed as neutral but we are shading the expected sideway trading range lower to 0.7150/0.7350 (from 0.7200/0.7400 previously)”.
to other newsall news
Market participants seem to lose faith in Trump's promises and the 'phenomenal agenda' that made him 45th President of the United States. Over the last 4 weeks, the wires have been flooded with attractive headlines that have no correlation with the new US administration actions. Furthermore, as the
00:23 25 February /2017 Forex
The US dollar rose marginally against most of the currencies during the week. The Dollar Index was up for the third week in a row, posting minor gains thanks to a rebound that took place during Friday’s American session. The DXY bottomed at 100.60, hitting
23:23 24 February /2017 Forex