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Barclays remained bearish on AUD/USD.

Barclays analysts are still bearish on AUD/USD. “We are clinging to our bearish view. Wednesday’s spike higher and subsequent low close signals buyer capitulation. A low close today would endorse downside towards 0.7040 and then the 0.6825 year-to-date lows. A sustained break above 0.7260 would signal a squeeze higher towards 0.7370 before sellers emerge” written […]

Neutral outlook on AUD/USD from UOB.

UOB analysts remain neutral on AUD/USD.  “AUD dipped below 0.7200 yesterday but rebounded quickly from a low of 0.7175. The bias is tilted to the downside but as mentioned yesterday, a sustained down-move is likely only upon a clear break below 0.7200 (say a daily closing below this level). In the meanwhile, this pair is […]

Bearish target on AUD/USD from UOB.

UOB analysts provided their bearish outlook on AUD/USD today. “As highlighted last Friday, the recent sharp drop in AUD appears to be running ahead of itself and those who are short should take partial profit at 0.7340 (low has been 0.7338). While further extension to 0.7300 is not ruled out, we are still of the […]

Bearish target of 0.7520 on AUD/USD from Credit Suisse.

Credit Suisse maintained its bearish view on AUD/USD pair, stating its 0.7520 target on it. “Support shows at .7594, followed by .7548. Beneath the latter is needed to aim at trend line, 55-day average and price support at .7530/.7500. We would expect fresh buying to show here but below it can see weakness extend for […]

Bullish target on AUD/USD from UOB.

UOB analysts provided tech targets for several major currency pairs. According to the report published yesterday, UOB is bullish on AUD/USD, stating that the upside potential is limited to 0.7740. “The sharp drop yesterday certainly does not bode well for our bullish AUD view. However, confirmation of a short-term top is only upon a break […]

Bullish target of 0.7740 on AUD/USD from UOB.

UOB provided bullish outlook on AUD/USD. “There is no change to the current bullish AUD view and we continue to target a move to 0.7740. That said, the current short-term consolidation phase appears incomplete and this pair may trade sideways for another 1 to 2 days more. Only a clear and clean break above 0.7680 […]

UBS target of 0.65 for AUD/USD.

UBS keeps its bearish estimate on AUD/USD with a target of 0.65 on a 6 and 12-month basis. The prediction was made after the Reserve Bank of Australia (RBA) dovish statement on February 1. RBA kept the cash rate unchanged at 2%. According to UBS analysts, the RBA seemed satisfied with domestic conditions pointing at […]