In the view of Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group, further downside could force AUD/USD to slip back towards the 0.6540 region in the short-term horizon.
24-hour view: The outsized selloff of 1.57% (NY close of 0.6613) in AUD yesterday came as a surprise (we were of the view that AUD could advance further but is unlikely to break 0.6785). Not surprisingly, conditions are severely oversold. However, the weakness in AUD has not stabilised. Today, AUD could break below June’s low of 0.6595. In view of the oversold conditions, the next major support at 0.6540 is unlikely to come under threat. On the upside, if AUD breaks above 0.6655 (minor resistance is at 0.6635), it would mean that the weakness in AUD has stabilised.
Next 1-3 weeks: In our most recent narrative from Monday (31 Jul, spot at 0.6660), we highlighted that “there is a chance, albeit not a high one, for AUD to drop to June’s low of 0.6595.” Yesterday, AUD nosedived to a low of 0.6603 before closing on a weak note at 0.6613 (-1.57%). The boost in downward momentum suggests a break of 0.6595 will not be surprising. A break of 0.6595 will shift the focus to 0.6540. Overall, the weakness in AUD that started more than a week ago is intact unless AUD breaks above 0.6710 (‘strong resistance’ has moved sharply lower from yesterday’s level of 0.6785).
© 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.