AUD/USD's Downtrend Nearing 'Exhaustion,' Charts Show -- Market Talk

Dow Jones

Jan 15, 2025

0811 GMT - The Australian dollar's downtrend against the greenback is nearing "exhaustion," based on charts, UOB Global Economics & Markets Research's Quek Ser Leang says. Despite the currency pair's downward path, the daily moving average convergence divergence indicator remains in positive territory, signaling a bullish divergence, the strategist says. Weekly stochastics are at deeply oversold levels and showing signs of a potential crossover, which implies downward pressure could be moderating with rising risk for recovery. A clear break above the declining daily trendline resistance, now at 0.6245, would boost the likelihood of a bottoming process for AUD/USD, the strategist adds. AUD/USD is 0.2% higher at 0.6205. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

January 15, 2025 03:11 ET (08:11 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2503869567"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2503869567\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2503869567?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-15 16:11","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2503869567","market":"sh","top_or_hot":-1,"title":"AUD/USD's Downtrend Nearing 'Exhaustion,' Charts Show -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0811 GMT - The Australian dollar's downtrend against the greenback is nearing \"exhaustion,\" based on charts, UOB Global Economics &amp; Markets Research's Quek Ser Leang says. Despite the currency pair's downward path, the daily moving average convergence divergence indicator remains in positive territory, signaling a bullish divergence, the strategist says. Weekly stochastics are at deeply oversold levels and showing signs of a potential crossover, which implies downward pressure could be moderating with rising risk for recovery. A clear break above the declining daily trendline resistance, now at 0.6245, would boost the likelihood of a bottoming process for AUD/USD, the strategist adds. AUD/USD is 0.2% higher at 0.6205. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 15, 2025 03:11 ET (08:11 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AUD/USD's Downtrend Nearing 'Exhaustion,' Charts Show -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAUD/USD's Downtrend Nearing 'Exhaustion,' Charts Show -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-15 16:11</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0811 GMT - The Australian dollar's downtrend against the greenback is nearing \"exhaustion,\" based on charts, UOB Global Economics &amp; Markets Research's Quek Ser Leang says. Despite the currency pair's downward path, the daily moving average convergence divergence indicator remains in positive territory, signaling a bullish divergence, the strategist says. Weekly stochastics are at deeply oversold levels and showing signs of a potential crossover, which implies downward pressure could be moderating with rising risk for recovery. A clear break above the declining daily trendline resistance, now at 0.6245, would boost the likelihood of a bottoming process for AUD/USD, the strategist adds. AUD/USD is 0.2% higher at 0.6205. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 15, 2025 03:11 ET (08:11 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"USD","symbol_name":"ProShares Ultra Semiconductors","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2503869567","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503869567","pubTimestamp":1736928660,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0811 GMT - The Australian dollar's downtrend against the greenback is nearing \"exhaustion,\" based on charts, UOB Global Economics & Markets Research's Quek Ser Leang says. Despite the currency pair's downward path, the daily moving average convergence divergence indicator remains in positive territory, signaling a bullish divergence, the strategist says. Weekly stochastics are at deeply oversold levels and showing signs of a potential crossover, which implies downward pressure could be moderating with rising risk for recovery. A clear break above the declining daily trendline resistance, now at 0.6245, would boost the likelihood of a bottoming process for AUD/USD, the strategist adds. AUD/USD is 0.2% higher at 0.6205. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"USD":"ProShares Ultra Semiconductors","LU0345774631.USD":"NINETY ONE GSF AMERICAN FRANCHISE \"A\" (USD) INC","BK4125":"广播","LU1043141123.HKD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (HKD) INC 2","LU0994945656.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) INC 2","LU2238339852.HKD":"NINETY ONE GSF GLOBAL ENVIRONMENT \"A\" (HKD) ACC","LU0426412945.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) ACC","LU0426417589.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) INC"},"translate_title":"图表显示澳元/美元的下跌趋势已接近“耗尽”——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AUD":1,"USD":1,"AUDUSD.FOREX":1},"content_text":"0811 GMT - The Australian dollar's downtrend against the greenback is nearing \"exhaustion,\" based on charts, UOB Global Economics & Markets Research's Quek Ser Leang says. Despite the currency pair's downward path, the daily moving average convergence divergence indicator remains in positive territory, signaling a bullish divergence, the strategist says. Weekly stochastics are at deeply oversold levels and showing signs of a potential crossover, which implies downward pressure could be moderating with rising risk for recovery. A clear break above the declining daily trendline resistance, now at 0.6245, would boost the likelihood of a bottoming process for AUD/USD, the strategist adds. AUD/USD is 0.2% higher at 0.6205. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 15, 2025 03:11 ET (08:11 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}