24-hour view: Our expectations for AUD to rise to 0.6710 yesterday did not materialize as it traded in a range of 0.6652/0.6695. The underlying tone still appears to be firm, and we continue to see chance for AUD to rise to 0.6710. The next resistance at 0.6750 is highly unlikely to come into view. Support is at 0.6670, followed by 0.6650.
Next 1-3 weeks: Our update from Monday still stands. As highlighted, AUD is likely to trade in a range between 0.6620 and 0.6750 for now. 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.