FXStreet — The Outlook for the Australian Dollar changes according to the market analysts of the Japanese UOB Bank on bearish. You can expect in the coming weeks, a relapse on 0,7330.
The Australian Dollar (AUD) in step, as expected, the brand of 0,7400. Then he recovered from the lows in 0,7383. The goal in 0,7370 was not achieved. Despite the recent Rebounds, it is currently too early for a sustainable recovery. The AUD is likely to consolidate its recent losses and trade sideways between 0,7380 and 0,7430 move.
Yesterday we changed our perspective on bearish, but we have oversold market conditions on the screen. As long as the currency recovered some over 0,7485, appears to decline to 0,7370 more likely. A break below would shift the focus on 0,7330.
** FXStreet News Editorial, FXStreet**