【showtime cinemas connersville movie times】AUD/USD Weekly Price Forecast – Australian Dollar Rallies Significantly For The Week
Theshowtime cinemas connersville movie times
Australian dollar
has broken higher during the course of the week, as the Federal Reserve has cut interest rates by 50 basis points. The question now is whether or not the Australian dollar can take advantage of it for a longer-term move? The EUR/USD pair has broken out to the upside and that signifies that perhaps there is going to be even continued US dollar weakness. At this point, I believe that the 0.67 level above in the AUD/USD pair will be significant resistance, but it’s likely that the market will try to take that out, and if the market can break above the zero point to 6775 level, I believe it’s only a matter of time before the Aussie starts to change the trend as well.
AUD/USD Video 09.03.20
If we can see a slowing of the coronavirus infection rate in Asia, then it’s possible that we could see the Australian dollar be a huge beneficiary as China is getting back to work. Remember, the Australian economy is highly levered to the Chinese economy, meaning that they supply a lot of the commodities that the Chinese use. Furthermore, we are bouncing around and what was the consolidation area for the financial crisis. In other words, we are far too oversold at this point to think that the downward pressure can last forever, so having said that it’s likely that longer-term “smart money” is already starting to build up a position. Ultimately, I do believe that buying dips will work for shorter-term traders and building up a larger position for a longer-term trader could work out in the same direction if you build slowly.
This
article
was originally posted on FX Empire
More From FXEMPIRE:
Natural Gas Weekly Price Forecast – Natural Gas Markets Show Signs of Weakness Yet Again
USD/JPY Weekly Price Forecast – US Dollar Falls Hard Against Japanese Yen
Crude Oil Price Forecast – Crude Oil Markets Break Down
Silver Weekly Price Forecast – Silver Markets Trying to Base
Gold Weekly Price Forecast – Gold Markets Have Good Week
S&P 500 Price Forecast – Stock Markets Broke Down a Bit on Friday Again
View comments
-
Moving Average Crossover Alert: GoDaddyWhy We’re Not Impressed By Fullshare Holdings Limited’s (HKG:607) 0.6% ROCEGLOBAL MARKETS-World stocks nurse a New Year's hangover as growth worries persistSkilled in the Art: Judge Busts Novel FRAND Theory | Unified Weighs In on Video Codec Royalties | Still No Gusher From Oil StatesESTA Announces Participation in the Goldman Sachs Global Healthcare ConferencePound holds above key level before PMI dataWhat To Know Before Buying Canacol Energy Ltd (TSE:CNE) For Its DividendFOREX-Dollar scales 10-week high vs yen on upbeat U.S. GDPThe Global Gelatin Market is expected to grow by 248.81 thousand MT during 2020-2024 progressing at a CAGR of 8% during the forecast periodFidelity Cryptocurrency Platform Enters ‘Final Testing’ Stages
下一篇:Why Your Patent Is Probably Worthless
- ·Morgan Stanley Deboards From Cruise Lines, Bearish On Carnival, Norwegian And Royal Caribbean
- ·EM ASIA FX-Most Asian currencies weaken as growth fears set off 'flash crash'
- ·How Much Of Rajvir Industries Limited (NSE:RAJVIR) Do Insiders Own?
- ·Report says Trump demanded top-secret clearance for Kushner
- ·Akoustis Reports Third Quarter FY20 Results
- ·Australia's Healius receives $1.41 bln takeover offer
- ·Why Prana Biotechnology Stock Is Skyrocketing Today
- ·U.S. natgas use hits record during freeze, utilities urge conservation
- ·Sanoma Oyj: Managers' Transactions
- ·Here's Why We Think H.B. Fuller (NYSE:FUL) Is Well Worth Watching
- ·Tesla Ends Year With More Than 3,000 Model 3s Still in Inventory: Electrek
- ·Investors Are Undervaluing Teleste Corporation (HEL:TLT1V) By 25.75%
- ·Rohingya must have choice on going to Bangladesh island - UN refugee agency
- ·Kathmandu Holdings (NZSE:KMD) Shareholders Have Enjoyed A 71% Share Price Gain
- ·Nasdaq Futures Plunges 1.84% to Open 2019, But Bitcoin Surges
- ·Your guide to all the summer 2020 TV premiere dates
- ·VW's Skoda braces for second quarter hit after earnings drop
- ·BRIEF-Tencent Holdings Ltd Reports 9.2 Pct Passive Stake In Spotify Technology SA As Of Dec 31, 2018
- ·HBO boss Richard Plepler wanted more autonomy at AT&T, and his departure is an ominous sign
- ·Russia allows consular access to suspected U.S. spy - RIA
- ·HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages VMware (VMW) Investors Who Have Suffered Significant Losses to Contact its Attorneys: Securities Fraud Class Action Deadlines Established
- ·Why Kokuyo Camlin Limited’s (NSE:KOKUYOCMLN) Return On Capital Employed Might Be A Concern
- ·Putin: Russia must improve port and airport infrastructure
- ·Calculating The Intrinsic Value Of Avis Budget Group, Inc. (NASDAQ:CAR)
- ·SponsorsOne Assembles Management Dream Team For Craft Alcohol Product Development, Branding, Marketing, Sales and Distribution
- ·Big claims strain senior living market for U.S. insurers
- ·Preview: Signet Jewelers's Earnings
- ·Social Security Schedule: When the First COLA Checks Will Arrive in January 2022
- ·Is There More To Minda Corporation Limited (NSE:MINDACORP) Than Its 14% Returns On Capital?
- ·Google workers support proposed U.S. laws to curb mandatory arbitration
- ·2 Beaten-Up Penny Stocks That Are Set for a Rebound
- ·Those who invested in Anglo Asian Mining (LON:AAZ) five years ago are up 437%
- ·Tough Backdrop to Hurt Affiliated Managers (AMG) Q4 Earnings
- ·BRIEF-Atlinks Group Says Expected To Record A Loss For Year
- ·10 Block, a Tech Startup Recognized by SXSW 2019, is Releasing a Universal TV Series and Movie Discovery Platform So You Can See What Your Friends Like
- ·Is Ador Welding Limited’s (NSE:ADORWELD) Balance Sheet A Threat To Its Future?