AUD/USD: FURTHER DECLINE COULD RETEST 0.6450 – UOB

avatar
· Views 66




There is still scope for AUD/USD to drop to the mid-0.6400s in the next few weeks, comment UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.

Key Quotes

24-hour view: “Last Friday, we held the view that AUD ‘could weaken further but severely oversold conditions suggest it is unlikely to threaten 0.6450 today’. We stated, ‘Resistance is at 0.6525, followed by 0.6545’. Our view for GBP to weaken did not quite materialize as it eked out a fresh low of 0.6490 and then rebounded to 0.6544 before closing at 0.6518 ( 0.18%). AUD appears to have moved into a consolidation phase and is likely to trade between 0.6500 and 0.6550 today.”

Next 1-3 weeks: “There is not much to add to our update from last Friday (26 May, spot at 0.6505). As highlighted, the weakness in AUD that started two weeks ago has yet to stabilize. In other words, AUD could weaken further to 0.6450. On the upside, a breach of 0.6590 (no change in ‘strong resistance’ level from last Friday) would suggest the weakness in AUD has stabilized


免責事項:本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。

この記事が気に入ったら、著者にチップを送って感謝の気持ちを表しましょう。
応答 0

古いコメントはありません。ソファをつかむ最初のものになりましょう。

  • tradingContest