AUD/USD: Likely to reach the 0.6475 support – UOB Group
06.08.2024, 08:52

AUD/USD: Likely to reach the 0.6475 support – UOB Group

The Australian Dollar (AUD) could continue to rebound; any advance is unlikely to reach 0.6600. AUD weakness from late last month has stabilised; it is likely to trade in a 0.6400/0.6600 range for the time being, UOB Group FX strategists Quek Ser Leang and Lee Sue Ann note.

Bears may strive to push towards 0.6475

24-HOUR VIEW: “Yesterday, we indicated that AUD ‘is likely to edge lower, possibly dropping below last week’s low of 0.6480.’ We also indicated that ‘the significant support at 0.6425 is highly unlikely to come under threat.’ We were correct on the first count, but incorrect on the second. AUD plunged sharply, but briefly to 0.6349 before rebounding sharply. AUD then closed at 0.6497 (-0.23%). Today, AUD could continue to rebound, but any advance is unlikely to reach 0.6600 (there is another resistance level at 0.6550). Support levels are at 0.6475 and 0.6445.”

1-3 WEEKS VIEW: “We have held a negative AUD view since late last month. As we tracked the decline, in our most recent narrative from last Friday (02 Aug, spot at 0.6490), we indicated that ‘while AUD could continue to weaken, it is unclear if it has enough momentum to break the significant support at 0.6425.’ Yesterday, AUD broke below 0.6425, reaching a low of 0.6349 before snapping back up. The sharp bounce from the low suggests AUD is unlikely to weaken further. In other words, the AUD weakness has likely stabilised. From here, we hold a neutral view on AUD. Given the recent volatility, it could trade in a relatively broad range of 0.6400/0.6600 for the time being.”

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik