AUD/USD: Chance to decline to 0.6500 – UOB Group
Potential for the Australian Dollar (AUD) to decline to 0.6500; the likelihood of a sustained break below this level is not high, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.
USD/CNH: Chance to rise above 7.2200 – UOB Group
The US Dollar (USD) could rise above 7.2200; the next resistance at 7.2400 is unlikely to come into view.
GBP/USD: Has a chance to retest the 1.2835 low – UOB Group
The Pound Sterling (GBP) could retest the 1.2835 low; for now, it does not appear to have enough momentum to break below 1.2800.
EUR/USD: Price action suggests further EUR weakness – UOB Group
As long as 1.0800 is not breached, the Euro (EUR) could drop to 1.0665 before stabilisation can be expected.
NZD/USD: Has a chance to trop towards 0.5900 – UOB Group
The New Zealand Dollar (NZD) could drop to 0.5900 before the risk of a more sustained recovery increases.
EUR/USD: Downside risks are here – OCBC
The Euro (EUR) continued to trade with a heavy bias, in response to US elections outcome.
EUR/USD: 2-way risks remain – OCBC
The Euro (EUR) traded sharply lower, in response to US elections.
USD/CNH: Can breach 7.1800 near term – UOB Group
Impulsive advance in early Asian trade could extend to 7.1550 before levelling off.
AUD/USD: A break of the major support at 0.6535 is unlikely – UOB Group
The Australian Dollar (AUD) could further but a break of the major support at 0.6535 is unlikely.
GBP/USD: Can break below 1.2900 – UOB Group
The Pound Sterling (GBP) could trade in a choppy and broad range of 1.2900/1.3040.
NZD/USD: Chance of breaking below 0.5940 – UOB Group
The New Zealand Dollar (NZD) could break below 0.5940; a sustained decline below this level is unlikely.
last updated on 7 Nov 12:42