- AUD/USD: Phase of correction could persist towards last year low of 0.6200/0.6170 – SocGen
Notícias do Mercado
26 setembro 2023
AUD/USD: Phase of correction could persist towards last year low of 0.6200/0.6170 – SocGen
AUD/USD decline has stalled near 0.6360. However, it has failed to reclaim recent pivot high at 0.6525. Economists at Société Générale analyze the pair’s outlook.
Struggling to reclaim recent pivot high at 0.6525
AUD/USD decline paused after touching the line since March at 0.6360. A large bounce hasn’t materialized; recent pivot high at 0.6525 is expected to be first layer of resistance near term.
Holding below 0.6525, there would be risk of one more down leg. Below 0.6360, next potential support is located at projections and October 2022 low of 0.6200/0.6170.
O foco de mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerAbrir Conta Demo e Página Pessoal