NZD/USD could drop to 0.6410/15 – UOB

FXStreet (Edinburgh) – The research team at UOB Group believes a test of 0.6410/15 remains on the cards for the pair.Key Quotes“While NZD traded in a range of 0.6450/0.6532 yesterday (close to our expectation of 0.6450/0.6520), the rather weak daily closing suggests further downward pressure from here”.“Only a move back above 0.6490 would indicate that the short-term pressure has eased, otherwise, another leg lower to 0.6410/15 appears likely”.The research team at UOB Group believes a test of 0.6410/15 remains on the cards for the pair…

(Market News Provided by FXstreet)Запись NZD/USD could drop to 0.6410/15 – UOB впервые появилась Forex.

AUD/USD challenges highs at 0.7000

FXStreet (Córdoba) – Commodity currencies are outperforming on Tuesday, with AUD/USD climbing to retest the 0.7000 psychological level as investors’ sentiment improved following rebounds in oil prices.AUD/USD picked up momentum early during the New York session and climbed to a high of 0.7000 and it continues to challenge the psychological level, currently trading at 0.6996, up 0.62% on the day. In the absence of top-tier data or events, FX pairs continue to take cues from related markets, with oil’s prices among main drivers.From a wider view, however, AUD/USD remains near multi-year lows scored earlier this month, having lost nearly 500 pips before finding an interim bottom at 0.6826.AUD/USD technical levelsIn terms of technical levels, AUD/USD could find immediate resistances are seen at 0.7030/33 (Jan 25 high/20-day SMA), 0.7045 (Jan 22 high) and 0.7085 (Jan 7 high). On the other hand, supports are seen at 0.6918 (Jan 26 low), 0.6875 (Jan 21 low) and 0.6826 (7-year low, Jan 15).Commodity currencies are outperforming on Tuesday, with AUD/USD climbing to retest the 0.7000 psychological level as investors’ sentiment improved following rebounds in oil prices.

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AUD/USD challenges highs at 0.7000

FXStreet (Córdoba) – Commodity currencies are outperforming on Tuesday, with AUD/USD climbing to retest the 0.7000 psychological level as investors’ sentiment improved following rebounds in oil prices.AUD/USD picked up momentum early during the New York session and climbed to a high of 0.7000 and it continues to challenge the psychological level, currently trading at 0.6996, up 0.62% on the day. In the absence of top-tier data or events, FX pairs continue to take cues from related markets, with oil’s prices among main drivers.From a wider view, however, AUD/USD remains near multi-year lows scored earlier this month, having lost nearly 500 pips before finding an interim bottom at 0.6826.AUD/USD technical levelsIn terms of technical levels, AUD/USD could find immediate resistances are seen at 0.7030/33 (Jan 25 high/20-day SMA), 0.7045 (Jan 22 high) and 0.7085 (Jan 7 high). On the other hand, supports are seen at 0.6918 (Jan 26 low), 0.6875 (Jan 21 low) and 0.6826 (7-year low, Jan 15).Commodity currencies are outperforming on Tuesday, with AUD/USD climbing to retest the 0.7000 psychological level as investors’ sentiment improved following rebounds in oil prices.

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Stocks May See Early Strength On Earnings, Oil Rebound – U.S. Commentary

Following the sharp pullback seen in the previous session, stocks may move back to the upside in early trading on Tuesday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 55 points.The post Stocks May See Early Strength On Earnings, Oil Rebound – U.S. Commentary appeared first on Forex.

NZD/USD could drop to 0.6410/15 – UOB

FXStreet (Edinburgh) – The research team at UOB Group believes a test of 0.6410/15 remains on the cards for the pair.Key Quotes“While NZD traded in a range of 0.6450/0.6532 yesterday (close to our expectation of 0.6450/0.6520), the rather weak daily closing suggests further downward pressure from here”.“Only a move back above 0.6490 would indicate that the short-term pressure has eased, otherwise, another leg lower to 0.6410/15 appears likely”.The research team at UOB Group believes a test of 0.6410/15 remains on the cards for the pair…

(Market News Provided by FXstreet)Запись NZD/USD could drop to 0.6410/15 – UOB впервые появилась Forex.

NZD/USD could drop to 0.6410/15 – UOB

FXStreet (Edinburgh) – The research team at UOB Group believes a test of 0.6410/15 remains on the cards for the pair.Key Quotes“While NZD traded in a range of 0.6450/0.6532 yesterday (close to our expectation of 0.6450/0.6520), the rather weak daily closing suggests further downward pressure from here”.“Only a move back above 0.6490 would indicate that the short-term pressure has eased, otherwise, another leg lower to 0.6410/15 appears likely”.The research team at UOB Group believes a test of 0.6410/15 remains on the cards for the pair…

(Market News Provided by FXstreet)Запись NZD/USD could drop to 0.6410/15 – UOB впервые появилась Forex.