4 Global Market Updates- 9 January, 2023

 

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

AUD/USD: Look for more gains now around 0.6950 – UOB

The AUD/USD pair may rise to the 0.6950 area in the following weeks due to the persistent bullish bias, according to UOB Group economists Lee Sue Ann and Quek Ser Leang.

24-hour view: “We anticipated a decline in the Australian dollar last Friday, but we thought it was unlikely it would test the support level of 0.6700. The Australian dollar then temporarily fell to 0.6722 before rapidly rising to a high of 0.6886. AUD may increase to 0.6920 in the future. The next barrier at 0.6950 is unlikely to be challenged due to the overbought circumstances. Support may be found at 0.6820, then 0.6850.

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