AUD/USD faces a tough resistance around 0.6915/40 – UOB
16.06.2023, 06:35

AUD/USD faces a tough resistance around 0.6915/40 – UOB

In the opinion of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, the ongoing strong upside momentum in AUD/USD is expected to meet solid resistance in the 0.6915/40 band.

Key Quotes

24-hour view: The strong surge in AUD to a high of 0.6893 came as a surprise (we were expecting it to consolidate). There is room for AUD to strengthen further but overbought conditions suggest a break of 0.6915 is unlikely today. There is another rather strong resistance at 0.6940. A breach of 0.6830 (minor support is at 0.6850) indicates the current upward pressure has eased. 

Next 1-3 weeks: The pace of the advance in AUD continues to surprise us. Yesterday (15 Jun, spot at 0.6800), we indicated that AUD “is likely to strengthen further” but we were of the view that “the next target 0.6860 might not come into view so soon”. However, AUD surged to a high of 0.6893 in NY trade. Despite the rally in AUD that started last week is severely overbought, it is too early to expect a reversal. That said, the solid resistance zone between 0.6915 and 0.6940 might not be easy to break. All in all, only a breach of 0.6790 (‘strong support’ level was at 0.6735 yesterday) would indicate that AUD is not advancing further.

 

© 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.

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