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AUD/USD might extend towards 0.7840 – UOB

FXStreet (Barcelona) - Analysts at UOB Group, expect AUD/USD’s upward momentum to extend towards 0.7840 levels.

Key Quotes

“The target indicated at 0.7740 yesterday was exceeded with an overnight high of 0.7823. Despite being overbought, the up-move appears to have enough momentum to extend towards 0.7840.”

“That said, a clear break above this level is not expected, at least not for today. Only a move back below 0.7730 would indicate that a temporary top is in place.”

Japanese investors reduce exposure to AUD and NZD denominated assets – Nomura

FX Strategists at Nomura, note that Japanese investors reduced their exposure to AUD- or NZD-denominated assets amid sharp currency depreciation, but a re-entry might be possible if these currencies fall further and they think AUD and NZD are undervalued against JPY.
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USD Index might reach 104.54 by 2015-end – BNPP

The BNP Paribas Team, anticipates USD to benefit from higher yields, and push USD Index to 104.54 by 2015-end.
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