Bears looking for AUD to 0.9320 - UOB Group

FXStreet (Guatemala) - The Market Strategy Team at UOB Group said that the AUD is about the only USD bloc currency that has yet to move above its year-to-date high (at 0.9460).

Key Quotes

"However, we continue to view the current short-term price movement as a consolidation phase which should eventually lead to a break of 0.9460 for a move towards 0.9500. Only a move back below the key support at 0.9350 will indicate that a pullback towards 0.9320 has started."