4 Global Market Updates- 21 September, 2022

In this article, we have covered the highlights of global market news about the AUD/USD, EUR/USD, GBP/USD and USD/JPY.

AUD/USD might continue to fall to 0.6680 – UOB

Lee Sue Ann and Quek Ser Leang, FX Strategists at UOB Group, predict that if 0.6640 is crossed, the downturn will continue, pushing AUD/USD to the 0.6600 area.

“We predicted AUD to range-trade within a band of 0.6685/0.6750 yesterday,” reads the 24-hour outlook. After that, the Australian dollar moved in a narrower range (0.6677/0.6747) than anticipated before softly settling at 0.6691 (-0.51%). The following support at 0.6670 may be threatened now that downward pressure has strengthened a little bit, but for the time being, it is doubtful that it will be threatened. Resistance is found at 0.6715, then 0.6735.

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