- Analytics
- News and Tools
- Market News
- AUD/USD: No real support ahead of 0.54 – Westpac
AUD/USD: No real support ahead of 0.54 – Westpac
FXStreet reports that in the opinion of analysts at Westpac Institutional Bank, AUD/USD is probably overshot but 0.54-handle quite possible.
“Illiquid markets and global financial stresses present a very difficult backdrop for the Aussie with no real support ahead of the Sep 2002 low around 0.54, then 0.5265 in Aug 2002.”
“In terms of yield spreads, commodity prices, etc, fair value suggests AUD/USD has overshot.”
“Renewed volatility seems the only safe bet for the week ahead, as huge losses in a range of global markets rebound on risk- and growth-sensitive currencies like AUD.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
