Within the thought of Economist Lee Sue Ann and Market Strategist Quek Ser Leang at UOB Community, AUD/USD is viewed shopping and selling within the 0.6600-0.6760 vary within the discontinuance to term.
Key Quotes
24-hour gaze: “The day earlier than this day, we held the gaze that ‘the inviting rebound in AUD could perchance extend nonetheless any come is now not anticipated to shatter above 0.6710’. We properly-known, ‘there could be one other resistance at 0.6680’. AUD rebounded to 0.6680 sooner than easing off to entire the day at 0.6654 (+0.17%). The payment actions are seemingly half of a consolidation half and this day, we ask AUD to change in a vary of 0.6620/0.6690.”
Next 1-3 weeks: “We continue to withhold the identical gaze as Monday (10 Apr, diagram at 0.6670) wherein the contemporary attach actions are seemingly half of a consolidation half and AUD is seemingly to change in a vary of 0.6600/0.6760 within the intervening time. ”
Info on these pages comprises forward-looking out statements that possess dangers and uncertainties. Markets and devices profiled on this online page are for informational functions wonderful and must aloof now not in anyway stumble upon as a guideline to amass or sell in these resources. It is most important to aloof create your have thorough overview sooner than making any funding choices. FXStreet would not in anyway guarantee that this info is free from errors, errors, or materials misstatements. It also would not guarantee that this info is of a timely nature. Investing in Delivery Markets beneficial properties a tall deal of possibility, at the side of the lack of all or a portion of your funding, as properly as emotional wound. All dangers, losses and fees connected to investing, at the side of entire lack of main, are your responsibility. The views and opinions expressed listed below are those of the authors and create now not necessarily replicate the legit coverage or put of FXStreet nor its advertisers. The author could perchance now not be held accountable for info that is came upon on the cease of hyperlinks posted on this online page.
If now not otherwise explicitly talked about within the physique of the article, on the time of writing, the author has no put in any stock talked about listed here and no enterprise relationship with any company talked about. The author has now not got compensation for penning this article, rather than from FXStreet.
FXStreet and the author create now not present personalized ideas. The author makes no representations as to the accuracy, completeness, or suitability of this info. FXStreet and the author could perchance now not be accountable for any errors, omissions or any losses, injuries or damages organising from this info and its attach or exercise. Errors and omissions excepted.
The author and FXStreet are now not registered funding advisors and nothing listed here is meant to be funding suggestion.
