Aussie unable to find support, drops to near 0.5800. Greenback rises further as markets remain in panic mode. The AUD/USD pair continued to decline during the American session as the rally of the US dollar persisted and reached a fresh seventeen-year low at 0.5812. As of writing, was trading at 0.5835, modestly off low, still under pressure. Risk aversion boosted the demand for the greenback as investors continued to rush for liquidity. The US Dollar Index (DXY) broke above 101.00 to the highest in three years. It was holding at the top, as equity prices in the US dropped further. The Dow Jones was falling 6.55% and crude oil more than 15%. The WTI was near $22.00, in levels last seen back in 2003. Markets remained in panic mode unable to find some calm despite liquidity and fiscal stimulus announced across the globe. Volatility is set to prevail at extreme levels. The AUD/USD was down almost two hundred pips on Wednesday. The next main support is the 0.5800 area, while on the upside, resistance might be seen at 0.5960 (March 17 low). 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 Ripple Price Analysis: A break of 0.15 is the next hurdle FX Street 2 years Aussie unable to find support, drops to near 0.5800. Greenback rises further as markets remain in panic mode. The AUD/USD pair continued to decline during the American session as the rally of the US dollar persisted and reached a fresh seventeen-year low at 0.5812. As of writing, was trading at 0.5835, modestly off low, still under pressure. Risk aversion boosted the demand for the greenback as investors continued to rush for liquidity. The US Dollar Index (DXY) broke above 101.00 to the highest in three years. It was holding at the top, as equity prices in the US dropped further. … 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.
