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In the early trading, AUD/USD drop from around 0.6500 to 0.6435 because of the release Australian reserve minutes of October on Tuesday.
The present price of AUD/USD is 0.6456/60, 08:46 Beijing time.
Although the stock market is going stable to recover AUD, the poor economic and rate prospect will cumber the movement of the AUD. Predicting the short trend of AUD is slightly weak, maybe to test 0.6400 level.
Although the stock market is going stable to recover AUD, the poor economic and rate prospect will cumber the movement of the AUD. Predicting the short trend of AUD is slightly weak, maybe to test 0.6400 level.
I think 0.6400 will be breakout soon and next target point to 0.6000.
I think 0.6400 will be breakout soon and next target point to 0.6000.
Maybe you are right. But I think Today, AUD/USD will continue oscillation or fall to test support. Strong resistance:0.6550, weak resistance:0.6450; strong support:0.6170, weak support:0.6270.