AUD/USD: Revisit of 0.7130 not ruled out – SocGen

ADU/USD has defended the 0.6680/0.6650 support zone on a second attempt, triggering an initial bounce. Economists at Société Générale think the pair could now retest the 0.7130 mark.

Deeper downtrend on a break under 0.6680/0.6650

“A revisit of the neckline at 0.7130 which is also the 200-DMA is not ruled out. If this is overcome, an extended bounce could take shape towards 0.7280 and upper band of the channel at 0.7500.”

“Only if 0.6680/0.6650 gets violated would there be a deeper downtrend.”

Sep 12, 2022

S&P 500 Index: Defense of 3900/3890 to trigger further upside – SocGen

S&P 500 has so far defended the potential support zone at 3900/3890. Economists at Société Générale expect the index to test 4115/4160 and 4220 next.

USD/INR to suffer a deeper pullback on a break under 78.70/78.50 – SocGen

USD/INR has started evolving within a pause after reaching 80 in July. 78.70/78.50 is short-term support – which should cushion the downside, in the v