The AUD/USD pair lifted higher towards the 0.7200 resistance early Monday albeit lacked any strong follow-through and remains below the 0.7200 round-figure mark, currently at 0.7170. Terence Wu, an FX strategist at OCBC Bank, expects the mentioned 0.72 to cap while support is seen at 0.7120. Key quotes “0.7200 may cap for now, but a breach would leave the pair striving for the high at 0.7240/50 again.” “Support at 0.7120/40 for now. Beware, however, that a soft NZD may eventually exert some gravity on the AUD.” 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 USD/JPY flirts with multi-day lows, around mid-106.00s FX Street 2 years The AUD/USD pair lifted higher towards the 0.7200 resistance early Monday albeit lacked any strong follow-through and remains below the 0.7200 round-figure mark, currently at 0.7170. Terence Wu, an FX strategist at OCBC Bank, expects the mentioned 0.72 to cap while support is seen at 0.7120. Key quotes “0.7200 may cap for now, but a breach would leave the pair striving for the high at 0.7240/50 again.” “Support at 0.7120/40 for now. Beware, however, that a soft NZD may eventually exert some gravity on the AUD.” 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.
