US stocks turned to the downside on Tuesday and boosted the US dollar. The AUD/USD dropped to 0.6909, hitting a fresh daily low. It remains under 0.6930 with a bearish intraday bias. Earlier it climbed to a six-day high of 0.6964.
Since last Friday, AUD/USD is moving sideways between 0.6910 and 0.6960 with a modest bullish bias. Still unable to move significantly away from the 2-year low at 0.6823 it reached during May.
The AUD/USD found support so far on Tuesday above the support area of 0.6905/10. A break lower could trigger more losses; the next strong support stands at 0.6870, around last week’s low. On the upside the immediate resistance could be seen at the 20-hour Simple Moving Average at 0.6930.
Stocks erased earlier gains. The S&P 500 is falling by 1.07%. The decline in Consumer Sentiment weighed on sentiment. Conference Board’s index dropped to the lowest level in 16 months in June amid rising inflation and a negative growth outlook.
On Wednesday, retail sales data is due in Australia at 01:30 GMT (market consensus: 0.4%). Analysts at TD Securities see a 0.5% increase. “A strong retail beat will strengthen the case for another aggressive move by the RBA (Reserve Bank of Australia) in July after their outsized 50bps hike this month.”
© 2000-2025. 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.
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.
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.