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Daily Market Analysis
Dec 12, 2024 at 08:04
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Dec 12, 2024 at 08:04
(labots Dec 12, 2024 at 08:05)
11th Dec Update:
AUD is expected to be traded between the range of 0.6400 and 0.6480 for the short term.
In the coming 2-3 weeks, AUD is expected to be in a stable range of 0.6375 to 0.6500.
Late last week, AUD dropped to 0.6373 (because of RBA’s interest rates discussion), and if it touches the same price again, the currency is expected to move to the downside.
It is expected that this week AUD will be highly volatile since Australia’s employment data is due on Thursday.
AUD is expected to be traded between the range of 0.6400 and 0.6480 for the short term.
In the coming 2-3 weeks, AUD is expected to be in a stable range of 0.6375 to 0.6500.
Late last week, AUD dropped to 0.6373 (because of RBA’s interest rates discussion), and if it touches the same price again, the currency is expected to move to the downside.
It is expected that this week AUD will be highly volatile since Australia’s employment data is due on Thursday.
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