AUD/USD looks set to extend its advance, 0.75/0.76 levels on the cards – OCBC AUDUSD China Banks
intact while RSI rose. A potential cup and handle pattern is observed on weekly chart, and this is typically a bullish formation. Completion of pattern puts textbook objective at around 0.75/0.76 levels.”“Key resistance at 0.6920 , 0.7020 before 0.7150 . Support at 0.6840 , 0.6760/70 levels and 0.6680 .”
“Medium term, we stick to buying dips. Softer US data and positive development out of China should keep AUD supported.”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. You should do your own thorough research before making any investment decisions.
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.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Toyota Ruffles a Few Feathers, Takes a Seat at the NASCAR Cup Table in 2007NASCAR 75: No. 34 in a series of 75 stories that helped define the first three quarters of a century of NASCAR.
Read more »
WHO sounds the alarm: XBB.1.5 is most transmissible omicron subvariant yetThe World Health Organization is warning that XBB.1.5 is the most transmissible omicron subvariant detected so far.
Read more »
Toyota Ruffles a Few Feathers, Takes a Seat at the NASCAR Cup Table in 2007NASCAR 75: No. 34 in a series of 75 stories that helped define the first three quarters of a century of NASCAR.
Read more »
Why Lee Petty Protested Son Richard's Supposed First NASCAR WinNASCAR 75: One of a series of 75 stories that helped define the first three quarters of a century of NASCAR.
Read more »
New website tracks COVID-19 in wastewater across 75 Illinois treatment plantsAs more people test for the virus at home and less people report cases to authorities, wastewater testing has become a more reliable form of determining community COVID-19 levels.
Read more »