AUD/USD: Chance to decline to 0.6500 – UOB Group
07.11.2024, 10:00

AUD/USD: Chance to decline to 0.6500 – UOB Group

Potential for the Australian Dollar (AUD) to decline to 0.6500; the likelihood of a sustained break below this level is not high, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.

A breach of 0.6640 to push AUD higher

24-HOUR VIEW: “After AUD fell sharply early yesterday, we indicated that it ‘could drop further but a break of the major support at 0.6535 is unlikely.’ We underestimated the downward momentum, as AUD fell to a three-month low of 0.6513. AUD recovered swiftly from the low, closing at 0.6571, down by 1.00% for the day. The bounce from the low has resulted in a slowdown in momentum. This, combined with oversold conditions, suggests that AUD is unlikely to weaken further. Today, it is more likely to trade in a range, probably between 0.6530 and 0.6610.”

1-3 WEEKS VIEW: “Our most recent narrative was from Monday (04 Nov, spot at 0.6585), wherein the recent ‘month-long AUD weakness has stabilised,’ and AUD is expected to ‘trade in a 0.6535/0.6655 range for now.’ Yesterday (Wednesday), it touched 0.6645, then reversed abruptly and plummeted to a low of 0.6513. Despite the decline, there has been no significant increase in momentum. That said, there is potential for AUD to decline to 0.6500. Currently, the likelihood of a sustained break below this level is not high. On the upside, a breach of 0.6640 would mean that AUD is not weakening further.”

© 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