Dashboard

Solid News

Australian Dollar quotes Retreated to 0.660

11/22/2022 11:23 AM

The Australian dollar shows weak growth, recovering from the decline the day before, as a result of which the AUD/USD pair updated local lows from November 11. The instrument is testing the level of 0.6620, receiving support from technical factors.

Traders are preparing for the forthcoming publication on Wednesday of the minutes of the meeting of the US Federal Reserve. The American regulator is expected to take steps towards weakening the "hawkish" policy, but the comments of its representatives will also be very important. Today, the focus of investors will be the speech of the Governor of the Reserve Bank of Australia (RBA) Philip Lowe, who is likely to speak about the prospects for monetary policy.

The main macroeconomic statistics from Australia will be published on Wednesday, November 23. In particular, the publication of data on business activity from Commonwealth Bank and S&P Global for November is expected. Current forecasts suggest that the Services PMI may decline from 49.3 points to 49.1 points, and the Manufacturing PMI may decline from 52.7 points to 52.4 points.


Bollinger Bands on the daily chart show a steady increase. The price range is narrowing, reflecting the emergence of ambiguous dynamics of trading in the short term. MACD is going down preserving a stable sell signal (located below the signal line). Stochastic is showing similar dynamics; however, the indicator is rapidly approaching its lows, indicating the risks of oversold Australian dollar in the ultra-short term.

Resistance levels: 0.6650, 0.6700, 0.6750, 0.6800. | Support levels: 0.6583, 0.6520, 0.6450, 0.6400.


Find Us
Registered Address : Bonovo Road – Fomboni Island of Mohéli – Comoros Union
Physical address: Oasis Moroni,RN1 bureau No 03 Rez-de-chaussée, Comoros Union
Mail Us
[email protected]
Call Us
+269 320 20 60


Risk Warnings
Solid ECN Securities LLC offers trading on Foreign Exchange (‘Forex’ or ‘FX’) and Contracts for Difference (‘CFDs’), which are complex financial products that are traded on margin. They carry a high level of risk since leverage can work both to your advantage and disadvantage. As a result, these products may not be suitable for all investors, as loss of all invested capital may occur. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved and consider your investment objectives and level of experience. Seek independent advice, if necessary.
Solid ECN Securities LLC does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of a CFD. Solid ECN Securities LLC is not a financial advisor and all services are provided on an execution-only basis. This communication is not an offer or solicitation to enter into a transaction and shall not be construed as such.
This website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.
By using solidecn.com you agree to use our cookies to enhance your experience.
Solid ECN Securities LLC is authorized and regulated by the Comoros Union with reference number HY00623411.
Disclaimer 1: The information provided on this site is not intended for residents of any country or jurisdiction where its distribution or use would violate local laws or regulations.
Disclaimer 2: Solid ECN Securities LLC and it affiliates does not provide services to residents of the USA, Japan, Canada, Australia, the Democratic Republic of Korea, European Union, United Kingdom, Iran, Syria, Sudan and Cuba.
Copyright All Right Reserved 2025 SolidECN.com