AUD/USD: Break above 0.6797 needed to regain near-term upside momentum – Credit Suisse AUDUSD Banks
“Our bias is for the current pause to extend short term. However, with medium-term MACD still rising and with a small top in the USD in place, we think the risk remains pointed to the upside over the next one month.”
“Immediate support is seen at the 13-day exponential average at 0.6607 and then below at 0.6577, though below the recent low and the neckline to the recent base at 0.6552/47 remains needed to raise thoughts of a more significant near-term move lower.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD: Scope for a deeper setback to 1.0120 – Credit SuisseEUR/USD remains capped as expected below the 200-Day Moving Average on a closing basis, currently seen at 1.0409. Analysts at Credit Suisse see scope
Read more »
USD/JPY: Scope for the rebound to extend to 142.20, potentially 143.12/17 – Credit SuisseUSD/JPY continues its rebound. Economists at Credit Suisse expect the pair to extend its rebound to the 13-day exponential average at 142.18/20. Suppo
Read more »
AUD/USD seems vulnerable near one-week low amid broad-based USD strengthThe AUD/USD pair extends last week's retracement slide from the vicinity of the 0.6800 mark, or over a two-month high and attracts some follow-through
Read more »
Pairs in Focus This Week-Gold, Oil, Bitcoin, AUD/USDGet the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of November 20th, 2022 here.
Read more »
EV makers eye big shift to comply with China restrictions in new tax creditElectric vehicle makers are eyeing ditching China and turning to noncompetitor countries like Indonesia for battery supplies to meet increasing demand without violating provisions of the Democratic climate legislation meant to move supply chains closer to home.
Read more »
Fiscal conservatism doesn't always mean tax cutsCredit one veteran conservative Republican legislator for understanding what real fiscal responsibility means.
Read more »