2024-11-04 17:40
IndustriAUD/USD: The upside will face strong resistance
Intra-day view:
AUD/USD jumped to open higher after the opening today. The upward momentum has slightly strengthened, and the AUD/USD is likely to rise, facing strong resistance at 0.6620. Support is at 0.6570, followed by 0.6555.
1-3 week view:
We have been negative on the AUD/USD since early last month. AUD/USD jumped to a higher open today and rose above 0.6600. Although our strong resistance levels have not been significantly breached, the downward momentum has largely abated. From here, the AUD/USD is expected to trade between 0.6535 and 0.6655.
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AUD/USD: The upside will face strong resistance
Hong Kong | 2024-11-04 17:40Intra-day view:
AUD/USD jumped to open higher after the opening today. The upward momentum has slightly strengthened, and the AUD/USD is likely to rise, facing strong resistance at 0.6620. Support is at 0.6570, followed by 0.6555.
1-3 week view:
We have been negative on the AUD/USD since early last month. AUD/USD jumped to a higher open today and rose above 0.6600. Although our strong resistance levels have not been significantly breached, the downward momentum has largely abated. From here, the AUD/USD is expected to trade between 0.6535 and 0.6655.
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