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27 May 2020

AUD/USD: Potentially higher with resistance at 0.6659 – OCBC

The broad USD took a serious hit, as investors continue to impute positivity on the back equities and shake off any negative developments in the Sino/US front, with the AUD/USD breaking the 0.6600 resistance, per OCBC Bank.

Key quotes

“Do not rule out further extensions higher at this point, although much will be dependent on equity performance in the near-term.” 

“Near-term resistance at the 200-day MA (0.6659), while supports enter at 0.6600.”

 

May 27, 2020

GBP/USD: At 1.38 by year-end in the best scenario – UBS

The US dollar appreciated substantially through the crisis as investors sought the liquidity and safe-haven appeal of the US dollar. Nonetheless, anal
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May 27, 2020

USD/CAD struggles near 2-1/2 month lows, just above mid-1.3700s

The USD/CAD pair traded with a mild negative bias through the early European session, with bears flirting with 2-1/2-month lows, just above mid-1.3700
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