- Analytics
- News and Tools
- Market News
- AUD/USD to enjoy further upside towards August high at 0.7136 – Credit Suisse
AUD/USD to enjoy further upside towards August high at 0.7136 – Credit Suisse
AUD/USD is breaking into fresh highs. Economists at Credit Suisse look for further upside towards 0.7088/7136.
Support shifts to 0.6888/86
“Whilst a solid close above 0.6893/6916 is needed to serve as a final confirmation for the fresh upside, our bias shifts to bullish given the recent breaks, with resistance seen at 0.7000/09 initially and next at 0.7026/40, above which would look to test a much tougher resistance at a retracement resistance and the August high at 0.7088/7136.”
“Support shifts to 0.6888/86 initially and then to 0.6861, though only back below the 13-day exponential average at 0.6798/88 would put the market back within its recent range.”
© 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
