AUD/USD: No changes to the consolidative outlook – UOB – by pabspiovano AUDUSD Currencies Majors Banks
is still seen trading between 0.6565 and 0.6760 for the time being, according to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group.24-hour view: “Last Friday, we expected AUD to ‘trade in a range of 0.6655/0.6720’. However, AUD dropped to a low of 0.6625 before settling at 0.6643 . While downward momentum has not increased much, AUD is likely to trade with a downward bias towards 0.6610. The major support at 0.6565 is not expected to come under threat. Resistance is at 0.
Next 1-3 weeks: “We have held a positive AUD view since the start of last week. As AUD struggled to extend its advance, we highlighted last Friday that AUD must break and hold above 0.6760 for the chances of it advancing further will rapidly diminish. AUD subsequently dropped below our ‘strong support’ level of 0.6640 . The price action suggests that AUD is not advancing further. For the time being, AUD is likely to trade between the two major levels of 0.6565 and 0.6760.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
AUD/USD finds hurdles around 0.6660 amid mixed responses on the US banking systemAUD/USD has faced immense pressure after a gradual recovery to near 0.6660 in the early European session. The Aussie asset has sensed meaningful offer
Leer más »
AUD/USD Price Analysis: Rising wedge confirmation teases bears below 0.6680 previous supportAUD/USD Price Analysis: Rising wedge confirmation teases bears below 0.6680 previous support AUDUSD Technical Analysis SwingTrading ChartPatterns SupportResistance
Leer más »
AUD/USD: Mildly bid around mid-0.6600s amid cautious optimism, Australia/US inflation in focusAUD/USD: Mildly bid around mid-0.6600s amid cautious optimism, Australia/US inflation in focus – by anilpanchal7 AUDUSD Inflation RiskAversion RBA Fed
Leer más »
AUD/USD Price Analysis: Bears ready to pounce while front side of trendAs per the prior analysis, AUD/USD Price Analysis: Bears in the market, chipping away into key support, where the focus was on the downside, we have i
Leer más »
GBP/USD faces further range bound near term – UOBIn the opinion of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, GBP/USD should keep the side-line theme well in place for
Leer más »
EUR/USD looks consolidative for the time being – UOBEconomist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group suggest EUR/USD could navigate within the 1.0660-1.0870 range in the next few
Leer más »