You can expect a movement at 0.6355 in the Aud/USD torque, the FX analysts of UOB Group, to be Leang and Peter Chia point.
Risk seems to be down
24 hours View: “The AUD fell to 0.6446 last Thursday and then bounced. Last Friday, when the AU was at 0.6485, we indicated that ‘instead of continuing to fall, it is more likely that the AUD operates on the side today, probably in a range of 0.6460/0.6510.’ However, the audience fell to a minimum of 0.6449 and closed at 0.6452. 0.6480, would indicate that the downward pressure has decreased. “
1-3 weeks View: “We have expected the Aud to operate in a range since the middle of the month. Following subsequent price movements, we highlight last Friday (June 20, for 0.6485) that ‘although a negotiation in the range seems likely, a more tight range of 0.6430/0.6550 should be sufficient to contain the price movements for now.’ Although the audience broke below 0.6430 at today’s opening, it must close below this level before a movement can be expected at 0.6355.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
