Aussie drops sharply versus US dollar amid risk aversion. AD//SUD test support at 0.7200, so far it holds above but remains under pressure. The AUD/USD pair dropped further and bottomed at 0.7199, the lowest level since September 9. As of writing, it trades at 0.7205/10, down 80 pips from Friday’s close and remains under pressure. A stronger US dollar is the key driver on Friday in the currency market. The greenback is the top performer. The DXY rose to 93.75, reaching the highest level in a month. Risk aversion boosted the demand for the safe haven. In Wall Street, the Dow Jones is falling 3.00% and the S&P 500 2.35%. Commodities are also under pressure. Crude oil (WTI) drops 4.70% and gold 2.90%. The deterioration in risk sentiment had no particular triggers. In Europe, report about major banks doing transactions with suspected customers; while in the US signs about economic deceleration take more significance amid the lack of progress in Washington for another round of stimulus. Technical levels 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 Breaking: Ethereum erases $4 billion in market capitalization within hours FX Street 1 year Aussie drops sharply versus US dollar amid risk aversion. AD//SUD test support at 0.7200, so far it holds above but remains under pressure. The AUD/USD pair dropped further and bottomed at 0.7199, the lowest level since September 9. As of writing, it trades at 0.7205/10, down 80 pips from Friday’s close and remains under pressure. A stronger US dollar is the key driver on Friday in the currency market. The greenback is the top performer. The DXY rose to 93.75, reaching the highest level in a month. Risk aversion boosted the demand for the safe haven. In Wall Street, the… Top 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.
