AUD/USD keeps the upside momentum well and sound – UOB By pabspiovano AUDUSD Currencies Banks Majors
24-hour view: “While our view for AUD to advance was correct, we underestimated the upward momentum as it easily cracked the major resistance at 0.7365 . Further AUD strength is not ruled out but deeply overbought conditions suggest that any advance is unlikely to break the next major resistance at 0.7440 . On the downside, a breach of 0.7330 would indicate that the current strong upward pressure has eased.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China: Lockdown fears eclipse positive results in fundamentals – UOBEconomist at UOB Group Ho Woei Chen, CFA, assesses the latest set of data releases in the Chinese economy. Key Takeaways “China’s Jan-Feb data surpris
Read more »
USD/JPY: Next resistance of note comes at 119.70 – UOBFurther gains in USD/JPY are expected to face the next barrier of note around 119.70, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “Whi
Read more »
USD/JPY: Next resistance of note comes at 119.70 – UOBFurther gains in USD/JPY are expected to face the next barrier of note around 119.70, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “Whi
Read more »
AUD/USD sticks to strong gains near mid-0.7200s, moves little post-US Retail SalesAUD/USD sticks to strong gains near mid-0.7200s, moves little post-US Retail Sales By HareshMenghani AUDUSD RiskAppetite RetailSales Fed Currencies
Read more »
When is the Australian employment report and how could it affect AUD/USD?February month employment statistics from the Australian Bureau of Statistics, up for publishing at 00:30 GMT on Thursday, will be the immediate catal
Read more »
AUD/USD Price Analysis: Extends Australia employment-led gains towards 0.7370AUD/USD Price Analysis: Extends Australia employment-led gains towards 0.7370 By anilpanchal7 AUDUSD Technical Analysis TrendFollowing ChartPatterns Employment
Read more »