$AUDUSD Forex Signal: Drop to 0.6600 Can’t be Ruled Out
Buy the AUD/USD pair and set a take-profit at 0.6850.The AUD/USD exchange rate plunged on Tuesday and Wednesday morning as the year started in a sombre mood. It dropped to a low of 0.6697, the lowest level since December 23. The pair has retreated by more than 1.55% from the highest point this week.The Australian dollar retreated as the US dollar made a strong comeback on the first trading day in the US and Australia.
The sombre mood happened as concerns about the global economy continued. There are risks that the Australian and global economy will struggle in 2023 as interest rates are set to remain high. Companies, which are an important part of the GDP are expected to slash their costs as they navigate the current macro conditions.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
AUD/USD Forex Signal: Rising WedgeMy previous signal on 27th December was not triggered as there was a small bullish bounce at the support level.
Weiterlesen »
Pairs in Focus This Week-EUR/USD, GBP/USD, USD/JPY, AUD/USDGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of January 2nd, 2022 here.
Weiterlesen »
AUD/USD rises to test last week's highs near 0.6820The AUD/USD up marginally on Monday after posting on Friday, the highest daily close in almost three weeks above 0.6800. Price action remains limited
Weiterlesen »
AUD/USD seeks support around 0.6800 ahead of Caixin Manufacturing PMIThe AUD/USD pair is looking for demand after dropping to near the round-level support of 0.6800 in the early Asian session. The Aussie asset is displa
Weiterlesen »
AUD/USD drops below 0.6780 despite upbeat Caixin Manufacturing PMIThe AUD/USD pair is displaying a perpendicular fall and has dropped sharply to near 0.6773 despite the IHS Markit reporting better-than-anticipated Ca
Weiterlesen »
AUD/USD Price Analysis: Soars above 0.6830 on upbeat Caixin Manufacturing PMIThe AUD/USD pair has got immense strength after the release of better-than-anticipated Caixin Manufacturing PMI data. The economic data landed at 49.0
Weiterlesen »