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19 Aug 2013
Flash: AUD/USD upside hinges on close above 0.9209 – UBS
FXstreet.com (New York) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's commodity-based currencies and outline the technical positions.
Key quotes
In terms of the AUD/USD, “Only a closing break above resistance at 0.9209 would prolong the recent recovery to 0.9320 and then 0.9431. Support is at 0.9058 ahead of 0.8848, suggesting a bearish outlook.”
Moving to the USD/CAD, “Resistance is at 1.0370 ahead of 1.0445. Support is at 1.0276 ahead of 1.0241, suggesting a neutral outlook.”
Key quotes
In terms of the AUD/USD, “Only a closing break above resistance at 0.9209 would prolong the recent recovery to 0.9320 and then 0.9431. Support is at 0.9058 ahead of 0.8848, suggesting a bearish outlook.”
Moving to the USD/CAD, “Resistance is at 1.0370 ahead of 1.0445. Support is at 1.0276 ahead of 1.0241, suggesting a neutral outlook.”