The AUDUSD could be a good buy this week if it breaks above this level.
The Australian dollar had a positive week, but it is still very much in a downtrend. The market is just above the 0.70 level, but I think at this point you have to look at any short-term rally as a potential selling opportunity. The US dollar is by far the strongest currency out of all of the major ones, so I do think that eventually we will drop again. The 0.68 level looks to be supported, and if we were to break down below there, the market is likely to continue going much lower.
It is not until we break above the 0.72 level that I would be interested in trying to buy this market, which would take quite a bit of change in attitude.The British pound rallied quite significantly last week to test the crucial 1.25 level but has struggled a bit there. Nonetheless, I think given enough time, you will see signs of exhaustion that you can short, as the Bank of England has to deal with extraordinarily negative economic numbers, while the Federal Reserve is hell-bent on tightening.The euro rallied significantly last week to break above the crucial 1.05 level. However, as we approached the 1.06 level, there was enough resistance to turn the market back around.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Weekly COVID cases have doubled in JuneauBecause the city’s COVID-19 emergency operations ended at the end of April, city officials can no longer mandate mask wearing or any other pandemic mitigation strategies.
Baca lebih lajut »
GBP/USD holds onto weekly gains, near 1.2500The GBP/USD is moving sideways on Friday, consolidating slightly below 1.2500. The pair remained steady even as stocks in Wall Street turned negative.
Baca lebih lajut »
Gold steady after rebound, aims to break streak of 4 straight weekly declinesGold hovers near unchanged early Friday, after posting its biggest one-day gain in about a month.
Baca lebih lajut »
2023 BMW M4 CSL, Mercedes Vision AMG, And Tesla Loses Do-Gooder Status: Your Weekly Brief | Carscoops2023 BMW M4 CSL, Mercedes Vision AMG, And Tesla Loses Do-Gooder Status: Your Weekly Brief | Carscoops carscoops
Baca lebih lajut »
The technician who called the 2020 market bottom says a 'shocking rally' is in storeThe technician who called the 2020 market bottom says a ‘shocking rally’ is in store
Baca lebih lajut »
More accurate wind forecasts can save Americans millions in energy costsBetter forecasting can boost wind and solar energy.
Baca lebih lajut »