- Analytics
- News and Tools
- Market News
- AUDUSD: Potential to reach 0.6461 on a break under 0.6757 – Credit Suisse
AUDUSD: Potential to reach 0.6461 on a break under 0.6757 – Credit Suisse
AUD/USD is still holding Credit Suisse’s prior technical objective at 0.6757. However, their analysts stay short-term bearish and see the potential to reach 0.6461 in due course.
Aussie is still attempting to break below 0.6757
“Support stays at the the 50% retracement of the 2020/21 rise at 0.6757, a break below which is needed to enable a further downside to 0.6643 and 0.6609/00, with potential to reach the next key support at the 61.8% retracement at 0.6461 in due course.”
“We look for near-term strength to ideally remain capped below the recent price highs at 0.6964/95. Above here would see scope to reach next resistance at the 55-day moving average at 0.7038.”
© 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
