- Analytics
- News and Tools
- Market News
- AUD/USD: Scope for a nosedive towards 0.7000 on a break below 0.7290 - OCBC
AUD/USD: Scope for a nosedive towards 0.7000 on a break below 0.7290 - OCBC
FXStreet notes that AUD/USD sold off on Canberra going into a 7-day lockdown. Economists at OCBC Bank suggest that a break below the 0.7290 mark would expose the 0.7200 level.
“The surprise lockdown in Canberra adds a near-term negative for the AUD/USD.
“The recent range lows at 0.7290 are in focus, and any breach of that support opens the path towards 0.7200 and 0.7000 in a multi-week horizon.”
© 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
