AUD/USD: Sustained break above 0.7315/30 to negate medium-term downtrend – Credit Suisse AUDUSD Banks
“We remain with our view that 0.7315/30 is likely to hold the recovery and hence we look for a turn back lower from here, with support seen at 0.7274 and then at this week’s lows at 0.7245/36, a close below which is required to prevent further upside. A break below here would then open the door to for a fall back to the 55-DMA at 0.7184, which would bring AUDUSD back in the middle of the recent range.
“Only a sustained break above 0.7315/30 would refute the medium-term downtrend and lead us to change our currently neutral position, with resistance seen at 0.7367, then 0.7422/31.”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.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
AUD/USD eases from YTD high, bulls await sustained strength above 200-DMAThe AUD/USD pair retreated a few pips from the fresh YTD high touched during the early part of the European session and was last seen trading around t
Weiterlesen »
US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD, USD/CADEUR/USD just set a fresh 20-month low and the USD continues to see a war bid, even with yields falling aggressively as rate hike bets get re-priced in the face of global conflict.
Weiterlesen »
Brent Oil to hit the $147.50 record high on a break above $128.40 – Credit SuisseBrent Crude Oil has surged above the psychological $100 barrier as the uptrend accelerates sharply. This fresh upside momentum is set to continue and
Weiterlesen »
AUD/USD Forex Signal: Double-Top Points to More DownsideThe AUD/USD pair erased some of the gains it made on Tuesday after the latest interest rate decision by the Reserve Bank of Australia.
Weiterlesen »
AUD/USD bulls take a breather below 0.7300 as US President Biden confirms Russia flight banAUD/USD bulls take a breather below 0.7300 as US President Biden confirms Russia flight ban By anilpanchal7 AUDUSD Ukraine RussianFederation Inflation GDP
Weiterlesen »
AUD/USD Forecast: Poised to challenge the year high amid a better market moodThe AUD/USD pair trades around the 0.7300 figure, boosted by substantial gains in Wall Street and upbeat local data. The country released the Q4 Gros
Weiterlesen »