He Australian dollar (AUD) will probably be negotiated in a range between 0.6420 and 0.6485 against the US dollar (USD). In the long term, a greater strength of the Aud is not ruled UOB GroupTo be Leang and Peter Chia.
A greater strength of the audience is not ruled out
24 -hour vision: “The audience rose to 0.6495 yesterday before going back. The setback in overcompra conditions suggests that instead of continuing to progress, the AU is more likely to be negotiated in a range between 0.6420 and 0.6485.”
Vision at 1-3 weeks: “Yesterday, the Aud rose to a maximum of five months of 0.6494 before softening. Although a greater strength of the Australian dollar is not ruled out, it must break and stay above 0.6510 before an additional sustained increase is probable. The probability that the AUD clearly breaks above 0.6510 will remain intact as long as the level of 0.6385 strong support ‘). Looking forward, if the Aud breaks clearly above 0.6510, the next level to monitor is 0.6550.
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.
