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13 Sep 2013
Flash: AUD/USD bolstered by strong support – UBS
FXstreet.com (Lisbon) - 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, “Support focus is at 0.9178, a break below which would extend the weakness to 0.9069. Resistance is at 0.9354 ahead of 0.9510, suggesting a neutral outlook.”
Moving to the USD/CAD, “There is a strong support at 1.0241, a close below which would be negative. Resistance is at 1.0365 ahead of 1.0406, suggesting a neutral outlook.”
Key quotes
In terms of the AUD/USD, “Support focus is at 0.9178, a break below which would extend the weakness to 0.9069. Resistance is at 0.9354 ahead of 0.9510, suggesting a neutral outlook.”
Moving to the USD/CAD, “There is a strong support at 1.0241, a close below which would be negative. Resistance is at 1.0365 ahead of 1.0406, suggesting a neutral outlook.”