AUD/USD has moved into a consolidative phase – UOB – by pabspiovano AUDUSD Currencies Majors Banks
is seen trading within the 0.6600-0.6760 range in the near term.24-hour view: “Yesterday, we held the view that ‘the sharp rebound in AUD could extend but any advance is not expected to break above 0.6710’. We noted, ‘there is another resistance at 0.6680’. AUD rebounded to 0.6680 before easing off to end the day at 0.6654 . The price actions are likely part of a consolidation phase and today, we expect AUD to trade in a range of 0.6620/0.6690.
Next 1-3 weeks: “Yesterday, we held the view that ‘the sharp rebound in AUD could extend but any advance is not expected to break above 0.6710’. We noted, ‘there is another resistance at 0.6680’. AUD rebounded to 0.6680 before easing off to end the day at 0.6654 . The price actions are likely part of a consolidation phase and today, we expect AUD to trade in a range of 0.6620/0.6690.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AUD/USD recovers further from two-week low, climbs to 0.6675-80 area amid softer USDThe AUD/USD pair attracts some buyers near the mid-0.6600s on the first day of a new week and moves away from a two-week low touched on Friday. Spot p
Read more »
AUD/USD under pressure around 0.6640The AUD/USD pair extended its intraday slump to 0.6618 after Wall Street's opening, barely bouncing from the level and currently trading in the 0.6680
Read more »
AUD/USD Price Analysis: Bounces off fortnight-long support but 0.6700 is the key to upsideAUD/USD Price Analysis: Bounces off fortnight-long support but 0.6700 is the key to upside AUDUSD Technical Analysis SwingTrading ChartPatterns SupportResistance
Read more »
AUD/USD drops below 0.6650 as China’s Inflation decelerates further to 0.7%The AUD/USD pair has slipped below 0.6650 as China’s Consumer Price Index (CPI) has softened further despite various measures from the Chinese adminis
Read more »
AUD/USD looks to regain 0.6700 as upbeat Aussie data, barley deal joins US Dollar retreatAUD/USD looks to regain 0.6700 as upbeat Aussie data, barley deal joins US Dollar retreat – by anilpanchal7 AUDUSD RiskAppetite ForeignTrade Fed Macroeconomics
Read more »
AUD/USD clings to gains near 0.6670 area amid softer USD, upside seems limitedAUD/USD clings to gains near 0.6670 area amid softer USD, upside seems limited – by hareshmenghani AUDUSD ConsumerConfidence RiskAppetite Fed Currencies
Read more »