Close Menu
Forex Journal
    Facebook X (Twitter) Instagram
    • Home
    • Assistant
    • Terms
    • Risks & Refund
    • Contact Us
    Telegram X (Twitter) Instagram

    Forex Journal Forex Journal

    • Expert Advisors
    • News
    • Economy
    • VIP Membership
    • MyAccount
    Forex Journal
    ForexJournal » Stock Market » AUD/USD: Near term risks to the downside – OCBC
    Stock Market

    AUD/USD: Near term risks to the downside – OCBC

    Author AvatarBy George Brooks September 29, 2024 No Comments 5 Mins Read
    Share
    Facebook Twitter LinkedIn WhatsApp Telegram Email

    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).

    This content is only available for Plus users.
    Create an account now

    Already have an account? Sign in

    Rate.
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email
    George Brooks

    He is an experienced financial journalist with a focus on Forex and cryptocurrency markets. With over two decades of expertise, he delivers in-depth analysis and real-time market updates, providing traders and investors with the knowledge they need to navigate the ever-changing financial landscape. His insightful articles and reports are trusted by professionals and enthusiasts alike.

    Related Posts

    Apple stock nears record high

    February 13, 2025

    Goldman Sachs axes diversity rule that has ‘served its purpose’

    February 13, 2025

    So much for September being awful for stocks

    February 12, 2025

    Chart Art: Is GBP/JPY Breaking Above Its Downtrend?

    February 11, 2025

    0 Comment

    Leave a Reply Cancel Reply

    Your email address will not be published. Required fields are marked *


    Top-notch Expert Advisors

    USDCAD Rider Expert – M15

    Activate membership and gain access now!

    Bitcoin Rider Expert – M5

    Activate membership and gain access now!

    SPX Rider Expert – M30

    Activate membership and gain access now!

    DAX Rider Expert – M5

    Activate membership and gain access now!

    Gold Rider Expert – H4

    Activate membership and gain access now!

    Bitcoin Rider Expert – H4

    Activate membership and gain access now!
    Latest news

    Franklin Templeton Expands Money Market Fund to Solana Ahead of Rival BlackRock

    Wall Street giant Franklin Templeton...

    What is Cardano? Inside the Third Generation Blockchain

    What is Cardano? Cardano is...

    Judge Sides With Thomson Reuters in AI Copyright Dispute

    On Tuesday, a federal judge...

    USD/JPY extends winning streak for third day, US CPI is on horizon

    USD/JPY climbs to near 154.00...

    We're not registered as investment advisor in any jurisdiction. The data contained in this website may not be real-time and accurate. Nevertheless, this information is provided "as is" without any guarantee of accuracy, timeliness, completeness, or usefulness for any particular purpose. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website. Any data in this website is not an investment or trading advice for anyone.

    Terms & Risk Warnings

    Trading is of high risk and may not be suitable for all investors. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment. Don't invest money that you cannot afford. Educate yourself about the risks associated trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results. Please note that by investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk and you can lose all your money. You should engage in any such activity only if you are fully aware of the relevant risks. We do not provide investment or any other advice, for further information please read our General Terms and Conditions for privacy & Risk Disclaimer and Refund Policy.

    Best Expert Advisors
    (View All)

    Gold Rider Expert – M1

    Gold Rapid Scalper: Optimized for...

    Bitcoin Rider Expert – H1

    Bitcoin Surge Profits: Designed for...

    SPX Rider Expert – M30

    S&P Power Play: This Expert...
    X (Twitter) Instagram Telegram
    • Home
    • Risks & Refund
    • Privacy
    • Advertise
    • Contact us
    © 2025 All rights are reserved for us.

    Type above and press Enter to search. Press Esc to cancel.