Upside bias alleviated below 0.7040 – UOB
According to UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia, AUD/USD could see its upside momentum mitigated on a breach of 0.7040. Key Quotes 24-hour view: “We highlighted last Friday that ‘upward pressure has eased and AUD is unlikely to advance much further’ and we expected AUD to ‘trade in […]
CAD may not receive much directional bias from next week’s meeting – TDS
Next week, the Bank of Canada will have its monetary policy meeting. Analysts at TD Securities expect a 25 basis points rate hike in line with market consensus. They point out the Canadian Dollar (CAD) may not receive much direction bias from the meeting. Key quotes: “We look for the BoC to hike by 25bp […]
0.6894/21 to hold the current weakness to keep the near-term bias higher – Credit Suisse
AUD/USD is testing 0.6894/6720, which analysts at Credit Suisse look to hold to keep the risk skewed higher for a retest of retracement resistance at 0.7089/92. Stable close below 0.6821 to trigger more neutral and choppy trading “Despite the setback, medium-term momentum is still rising and the breakout remains intact and we, therefore, stick with […]
Intraday Market Analysis – Dax keeps bullish bias
USDCHF hits resistance The US dollar softened after Fed policymakers cheered the news of easing inflation. On the daily chart, the pair has remained under pressure after a tentative break below last April’s low of 0.9200. The current rebound from this critical level has led to a consolidation. Though the greenback must […]