Bounce off one-year lows is supported by solid economic numbers in Australia.
Main support is considered at 0.70ish with possible targets marked above:
Fundamentals
Positive:
- better than expected Q3 GDP data shows the economy rose 3.9% year over year and continues to attract bids on the AUD
- the Australia commonwealth Bank Manufacturing PMI jumped to 59.2 in November
Negative:
- Omicron variant triggering a surge in COVID cases could limit gains on AUDUSD.
- AUD Upward momentum could be limited by the FED's speed up interest rates hikes to curtail a surge in inflation
For more: https://forexezy.com/audusd-bounces-off-1-year-lows-as-usdjpy-remains-range-bound-below-114-00
Main support is considered at 0.70ish with possible targets marked above:
Fundamentals
Positive:
- better than expected Q3 GDP data shows the economy rose 3.9% year over year and continues to attract bids on the AUD
- the Australia commonwealth Bank Manufacturing PMI jumped to 59.2 in November
Negative:
- Omicron variant triggering a surge in COVID cases could limit gains on AUDUSD.
- AUD Upward momentum could be limited by the FED's speed up interest rates hikes to curtail a surge in inflation
For more: https://forexezy.com/audusd-bounces-off-1-year-lows-as-usdjpy-remains-range-bound-below-114-00
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.