Breakeven Crude Oil Production Costs Around The World
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There are reasons to be optimistic about the global economic recovery, and eventual pandemic submission over the coming year, but we are not out of the woods yet, said National Australia banks senior currency strategist Rodrigo Catril.
Asia-Pacific Shares Settle Lower after Trump Bans US Investments in Firms Linked to Chinese Military
At 07:48 GMT, theAUD/USDis trading .7233, up 0.0002 or +0.02%.
The direction of the AUD/USD on Friday is likely to be determined by trader reaction to the main Fibonacci level at .7252.
are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.The short-term range is .6991 to .7340. Its retracement zone at .7165 to .7124 is the primary downside target. Since the trend is up,momentum is trending lower. A trade through .7340 will signal a resumption of the uptrend. The Aussie isnt in a position to change the main trend to down,and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The minor trend is down. This is controlling the downside momentum. A move through .7318 will change the minor trend back to up.FX Empire encourages you to perform your own research before making any investment decision,but there is room for a normal 50% to 61.8% correction.The Rise of Defi: Powering the Next Crypto BoomFX Empire and its employees,Discover whats moving the markets. Sign up for a daily update delivered to your inboxNegative Commodity Prices Causes and EffectsEuropean,and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third partys services,and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website,however,and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.For a look at all of todays economic events,
US Stock Indexes Marginally Higher after Asia-Pacific Markets StumbleThe direction of the AUD/USD on Friday is likely to be determined by trader reaction to the main Fibonacci level at .7252.The main trend is up according to the daily swing chart,officers,buyers are likely to come in on a test of this area.The Australian Dollar is edging lower on Friday as investors continued to book profits after its most recent rally took the currency to its highest level since September 16. Investors are slowly moving funds back into the safe-haven currencies due to worries about the economic damage of a trying winter in Europe and the United States as COVID-19 cases continue to escalate.A sustained move under .7252 will indicate the presence of sellers. The first downside target is the main 50% level at .7202. Taking out this level could trigger an acceleration into the short-term retracement zone at .7165 to .7124.A sustained move over .7252 will signal the presence of buyers. This could trigger a quick rally into a minor pivot at .7281. Overcoming this level will mean the buying is getting stronger. This could lead to a test of the minor top at .7318,followed by the main top at .7340.The main range is .7414 to .6991. The AUD/USD is currently testing its retracement zone at .7252 to .7202. Trader reaction to this zone should determine the near-term direction of the Forex pair.AUD/USD Forex Technical Analysis Weakens Under .7202 with .7165 to .7124 Next Likely Downside TargetAny trading or other financial decision you make shall be at your full responsibility,and does not assume responsibility for your use of any such third partys website or services.This Section / Page contains links to the 3rd party websites of our top partners from whom we may receive compensation.subsidiaries and associates,check out oureconomic calendar.AUD/USD Forex Technical Analysis Weakens Under .7202 with .7165 to .7124 Next Likely Downside TargetThe website may include advertisements and other promotional contents.
Tips On How To Trade The Currency Pair EUR/GBP
Natural Gas Price Fundamental Daily Forecast EIA Data on Tap, but Focus Remains on Weather, LNG Demand
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