Created
: 2024.11.12
- 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: Near term risks to the downside - OCBC
Breaking news
AUD/USD: Near term risks to the downside - OCBC
New
2024.11.12 18:31
2024.11.12 18:31
2024.11.12 18:31
The Australian Dollar (AUD) traded with a heavy bias amid disappointment with Chinese stimulus post-NPC while higher UST yields, USD weighed. AUD was last seen at 0.6545 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Mild bullish momentum on daily chart is fading
"Near term, policy uncertainties associated with Trump presidency may continue to see swings in AUD but also, lack of impactful Chinese stimulus may well influence AUD volatility more."
"Mild bullish momentum on daily chart is fading while RSI looks to head lower. Risks skewed to the downside for now. Support at 0.6490/0.6510 levels (recent low). Resistance at 0.6630/50 levels (21, 200 DMAs), 0.6690/0.6720 levels (50, 100 DMAs)."
"Data focus this week on wage price index (Wed), labour market report (Thu)."
Last updated
: 2024.11.12
Related articles
NZD/USD Price Analysis: Pair saw a volatile session, high near 20-day SMA then retreated
2024.11.16 06:48Canadian Dollar crumples even further on Friday
2024.11.16 05:11Australian Dollar finishes the week with a rebound as the USD eases
2024.11.16 05:08Mexican Peso gains despite Moody's negative outlook
2024.11.16 04:41Fed's Goolsbee: The Fed needs to focus on longer trends.
2024.11.16 04:11US Dollar eases five-day winning streak on profit-taking
2024.11.16 03:27
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
NZD/USD Price Analysis: Pair saw a volatile session, high near 20-day SMA then retreated
The NZD/USD saw a volatile session on Friday, initially soaring to a high around 0.5970 near the 20-day Simple Moving Average (SMA) before erasing all the gains towards 0.5850.
New
2024.11.16 06:48Silver Price Forecast: XAG/USD remains bearish biased, dips below $30.30
Silver's price fell over 0.70% beneath $30.30 after robust US Retail Sales data suggested the Federal Reserve could gradually ease policy.
New
2024.11.16 06:31Gold marks sixth-day of losses on Powell's slightly hawkish rhetoric
Gold prices extended their losses for the sixth straight day, set to achieve weekly losses of over 4%, the largest since September 2023.
New
2024.11.16 06:12Canadian Dollar crumples even further on Friday
The Canadian Dollar (CAD) found fresh lows on Friday as broader markets continues to pivot into the safe haven Greenback.
New
2024.11.16 05:11Australian Dollar finishes the week with a rebound as the USD eases
The AUD/USD pair rose by 0.20% to 0.6460 in Friday's session.
New
2024.11.16 05:08Mexican Peso gains despite Moody's negative outlook
The Mexican Peso recovered some ground against the US Dollar during the North American session, shrugging off Moody's adjustment on Mexico's credit outlook and upbeat US Retail Sales data.
New
2024.11.16 04:41Dow Jones Industrial Average tumbles over 350 points on Friday
The Dow Jones Industrial Average (DJIA) trimmed it's recent bull run, declining over 350 points and giving back roughly 0.85% as investors grapple with an increasingly uncertain future.
New
2024.11.16 04:28Fed's Goolsbee: The Fed needs to focus on longer trends.
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted on Friday that markets tend to overreact to interest rate changes, and that the Fed should maintain a slow and steady approach to reaching the neutral rate.
New
2024.11.16 04:11US Dollar eases five-day winning streak on profit-taking
The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, failed to secure a sixth consecutive day of gains in a volatile trading Friday.
New
2024.11.16 03:27GBP/USD Price Forecast: Stumbles on soft UK data, bears target 1.2600
The Pound Sterling extends its agony and printing losses for the sixth straight day against the Greenback.
2024.11.16 01:30Disclaimer:
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
