• AUD/USD: Next potential support located at 0.6410 – SocGen

Notícias do Mercado

5 fevereiro 2024

AUD/USD: Next potential support located at 0.6410 – SocGen

AUD/USD has drifted below 0.6500. Economists at Société Générale analyze the pair’s outlook.  

Lack of steady upward momentum

AUD/USD rebound petered out near graphical hurdle of 0.6900 representing highs of last June/July. It has experienced a deeper pullback after this test. It is now attempting re-integration within previous multi-month base denoting lack of steady upward momentum. 

Reclaiming recent pivot peak at 0.6625 would be essential to confirm next leg of up move. Failure could mean risk of extended down move towards next potential support located at 0.6410, the 76.4% retracement from October and 0.6270.

 

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 disclaimer
Abrir Conta Demo e Página Pessoal
Compreendo e aceito a Política de Privacidade e concordo que os meus dados sejam processados pela TeleTrade e usados para os seguintes efeitos: