Economists at ANZ Bank think optimism is overdone, given the depth of weakness of the global economy and expect renewed weakness in AUD, though not as weak as in March. Key quotes “While we don’t expect AUD/CNH to retest March’s low, the risk is on the downside.” “On the top, a key level to watch is 4.754.80, which we expect to hold and is a good level to sell the cross.” “Buyers could await better levels to pick up the cross when investor sentiment turns cautious.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next BoK: Unanimous 25bps rate cut – ANZ FX Street 3 years Economists at ANZ Bank think optimism is overdone, given the depth of weakness of the global economy and expect renewed weakness in AUD, though not as weak as in March. Key quotes “While we don’t expect AUD/CNH to retest March’s low, the risk is on the downside.” “On the top, a key level to watch is 4.754.80, which we expect to hold and is a good level to sell the cross.” “Buyers could await better levels to pick up the cross when investor sentiment turns cautious.” Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
