A greater strength of the audience is not ruled out, but any advance is probably part of a higher range of 0.6230/0.6330. In the long term, the AUD operates with an upward trend, potentially testing the key resistance at 0.6390, the FX analysts of UOB Group, quek being Leang and Peter Chia point out.
A greater strength of the audience is not ruled out
24 -hour vision: “While we expected the AUD ‘to strengthen even more’ last Friday, we indicated that ‘the main resistance in 0.6290 seems to be out of reach.’ However, the AU finally broke over 0.6290, reaching a maximum of 0.6301.
significantly. That said, a greater strength of the audience is not ruled out, but any advance is probably part of a higher range of 0.6230/0.6330. In other words, a sustained increase above 0.6330 is unlikely. ”
Vision 1-3 weeks: “Our most recent narrative was last Thursday (April 10, quote at 0.6145), where we expected the audience to operate in a range of 0.6000/0.6290 for the moment. ‘ The audience rose above 0.6290 last Friday (maximum of 0.6301) before closing at 0.6294, an increase of 1.09%. stay above the level of ‘strong support’, currently at 0.6140. ”
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.
