The Australian dollar (AUD) will probably strengthen even more, but the main resistance at 0.6290 seems to be out of reach. In the long term, for the moment, the Aud Cotice is expected to be in a range of 0.6000/0.6290, the FX analysts of UOB Group, to be Leang and Peter Chia.
The Aud Cotice is expected in a range of 0.6000/0.6290
24 -hour view: “After the audience was triggered two days ago, we indicated yesterday that ‘although the disproportionate rally seems excessive, the audience seems to have enough impulse to try 0.6195 before stabilizing.’ We add, ‘the main resistance is not expected at 0.6290 to become visible.’ The audience rose more than expected, reaching a maximum of 0.6250.
View 1-3 weeks: “Our update yesterday (April 10, torque at 0.6145) remains valid. As stood out, for the moment, we hope that the AUD Cotice in a range of 0.6000/0.6290. Looking forward, the AU must break and stay above 0.6290 before a sustained increase can be expected.”
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.
