AUD/USD risks a probable drop to 0.6450 – UOB
26.05.2023, 07:36

AUD/USD risks a probable drop to 0.6450 – UOB

In the view of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, a deeper drop could see AUD/USD revisit the mid-0.6400s in the short term.

Key Quotes

24-hour view: “When AUD was trading at 0.6540 in early Asian trade yesterday, we highlighted that ‘as long as AUD stays below 0.6580 (minor resistance is at 0.6560), the oversold weakness could extend to 0.6515, possibly testing the major support at 0.6500’. Our view was correct even though AUD edged a couple of pips below 0.6500 (low of 0.6498). Today, further AUD weakness is not ruled out but in view of the severely oversold conditions, AUD is unlikely to threaten 0.6450 (minor support is at 0.6475). Resistance is at 0.6525, followed by 0.6545.”

Next 1-3 weeks: “After AUD fell sharply to 0.6530 on Wednesday, we highlighted yesterday (25 May, spot at 0.6540) that ‘the boost in momentum suggests AUD could weaken further to 0.6500’ We added, ‘At this stage, it is premature to expect a break of 0.6450’. While our view for AUD to weaken was correct, we did not quite expect 0.6500 to come into view so quickly (AUD dropped to 0.6498 in NY trade). The weakness in AUD that started two weeks ago has yet to stabilize. In other words, AUD could weaken further to 0.6450. On the upside, a breach of 0.6590 (‘strong resistance’ level was at 0.6615 yesterday) would suggest the weakness in AUD has stabilized.”

© 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