UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang see diminishing bets for further weakness in AUD/USD in the short term.
Key Quotes
24-hour view: “We highlighted yesterday that ‘despite the relatively strong bounce, there has been no significant increase in upward momentum and AUD is unlikely to strengthen much further’, and we expected AUD to trade within a range of 0.6715/0.6790. AUD subsequently traded in a relatively quiet manner between 0.6707 and 0.6766. The price actions appear to be consolidative and we expect AUD to trade sideways between 0.6700 and 0.6760 today.”
Next 1-3 weeks: “Our update from yesterday (02 Mar, spot at 0.6755) is still valid. As highlighted, downward momentum is waning rapidly and the odds for AUD to weaken further have diminished considerably. However, only a breach of the ‘strong resistance’ at 0.6800 would confirm that the AUD weakness that started two weeks ago has run its course.”
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
더 오래된 의견은 없습니다. 소파를 가장 먼저 잡으십시오.