The Australian dollar could reach to the psychological 0.7000 mark, united states. its American peer in the next week, suggested FX Strategists at UOB Group.
The Key Is What Others Have Said
The 24-hour notice, “The pace of the rally in the AUD continues to surprise us as it is to blast it corresponds to our ” probably out of reach, a level of 0.6860 and the hit-a-high-or 0.6899 yesterday. The strong price action this morning suggests the AUD was able to repeat his performance, even if the next resistance at 0.7000 could be a bridge too far for today. On the other side of the coin, 0.6880, it is probably strong enough to hold out for the moment.”
Next, 1-3 week, “We highlighted yesterday (02 June, place to 0.6795) that the “positive phase” in the TH has been entered, the next to the top of the leg, but said, ” it remains to be seen if the AUD can keep up the pace of his race. We have added a movement to 0.6860 would not be surprising, and that the next resistance at 0.6900’. The AUD subsequently blast is 0.6860, and at the time or writing, just climbed above 0.6900. “The outlook is still clearly positive and the next resistance level at 0.7000 followed by 0.7030. On the other side of the coin of the strong level of support has also “rallied” to the 0.6800 yesterday at the level of 0.6680.”