Market news
10.08.2020, 14:42

AUD/USD aims 18-month high at 0.7243 amid greenback frailty - TDS

FXStreet reports that strategists at TD Securities remark that the AUD/USD pair has found support at the 0.7140 today and is now trading at 0.7175, up 0.20% on  the day. The aussie should see a test of the 0.7243 18-month high amid USD weakness.

“We note that AUD/USD found good support at a trendline that intersects at 0.7140 today.”

“While we remain biased toward a weaker USD overall, a further pullback would first see a test of the 0.7120 pivot, while good support should be seen in the 0.7065/7080 zone.”

“If the upside does get traction once again, the post-crash, 18-month high at 0.7243 as forms the most obvious objective.”


© 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.

AML Website Summary

Risk Disclosure

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.

Privacy Policy

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
Feedback
Live Chat E-mail
Up
Choose your language / location