Created
: 2024.11.05
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
AUD/USD: Moving up towards 0.6655 - UOB Group
Breaking news
AUD/USD: Moving up towards 0.6655 - UOB Group
New
2024.11.05 18:09
2024.11.05 18:09
2024.11.05 18:09
Month-long Australian Dollar (AUD) weakness has stabilised; AUD is expected to trade in a 0.6535/0.6655 range for now, UOB Group's FX analysts Quek Ser Leang and Lee Sue Ann note.
Rangebound within 0.6535/0.6655 for now
24-HOUR VIEW: "While we expected AUD to 'trade with an upward bias' yesterday, we pointed out that "any advance is expected to face strong resistance at 0.6620. Our view was not wrong, as AUD subsequently rose to 0.6619 and then pulled back to trade mostly sideways. The upward pressure has faded, and instead of trading with an upward bias today, AUD is more likely to trade in a sideways range of 0.6565/0.6605."
1-3 WEEKS VIEW: "After holding a negative view in AUD since early last month, we highlighted yesterday (04 Nov, spot at 0.6585) that 'the month-long AUD weakness has stabilised.' We expected AUD to 'trade in a 0.6535/0.6655 range for now.' We continue to hold the same view."
Last updated
: 2024.11.05
Related articles
Crude Oil holds up amid Saudi Aramco lower profits, storm Rafael threatening Gulf region
4 minutes agoAUD/USD surges above 0.6600 as RBA maintains hawkish interest rate guidance
26 minutes agoSilver Price Forecast: XAG/USD holds key support of $32.30 with US elections in focus
2024.11.05 19:25Kamala Harris faces uphill battle according to US elections betting odds
2024.11.05 19:11EUR/USD trades sideways with eyes on US presidential election
2024.11.05 19:08RBA waiting to take action - Commerzbank
2024.11.05 19:02
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
Gold price under the spell of US elections, Fed meeting in their shadow - Commerzbank
The gold price has retreated somewhat from its record level of the previous week and is trading at around $2,740 per troy ounce, Commerbank's commodity analyst Carsten Fritsch notes.
New
2024.11.05 20:27Crude Oil holds up amid Saudi Aramco lower profits, storm Rafael threatening Gulf region
Crude Oil price ticks up on Tuesday for a second consecutive day, further banking on the delay in Oil production normalization by OPEC+. Lower supply could also be on the cards due to chances of disruption in the US Gulf region as tropical storm Rafael
New
2024.11.05 20:27Gold steadies as traders brace for US presidential election outcome uncertainty
Gold (XAU/USD) continues to backslide from its record high, eventually finding support at $2,724 early on Tuesday and bouncing back to regain the $2,740s.
New
2024.11.05 20:22AUD/USD surges above 0.6600 as RBA maintains hawkish interest rate guidance
The AUD/USD pair revisits more than a week high of 0.6620 in European trading hours on Tuesday.
New
2024.11.05 20:05Silver Price Forecast: XAG/USD holds key support of $32.30 with US elections in focus
Silver price (XAG/USD) jumps to near $32.60 in Tuesday's European session.
New
2024.11.05 19:25Kamala Harris faces uphill battle according to US elections betting odds
As Americans head to the polls to elect the 47th President of the United States, betting odds suggest that Vice President Kamala Harris is facing an uphill battle against former President Donald Trump.
New
2024.11.05 19:11EUR/USD trades sideways with eyes on US presidential election
EUR/USD consolidates around 1.0890 in Tuesday's European session.
New
2024.11.05 19:08RBA waiting to take action - Commerzbank
The Reserve Bank of Australia left its cash rate unchanged at 4.35% this morning.
New
2024.11.05 19:02Waiting for the fiscal stimulus - Commerzbank
While the US goes to the polls today and will presumably be busy counting votes for the rest of the week, the Standing Committee of the National People's Congress is meeting in China this week to discuss the fiscal package announced at the end of September, Commerzbank's FX analyst Volkmar Baur notes.
New
2024.11.05 18:56USD/CNH: To decline towards 7.0660 - UOB Group
Instead of continuing to weaken, the US Dollar (USD) is likely to trade in a range between 7.1000 and 7.1250.
New
2024.11.05 18:52Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
