AUD/USD faces volatile sessions and is still expected to remain under pressure, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “We are rewriting this as AUD just plunged to the low 0.6312 before snapping higher. Volatility is likely to remain elevated and the risk for AUD is likely to be on the downside. 0.6300 is a decent support but a break of this level could lead to further weakness to 0.6250, even as long as 0.6200. This morning high of 0.6630 is acting as high-water mark now.” Next 1-3 weeks: “AUD just nose-dived to a low of 0.6312 at the time of writing and this has put paid to our view from last Wednesday (04 Mar, spot at 0.6585) wherein the ‘weakness in AUD has stabilized’. At this stage, it is too early to tell whether the outsized drop is a one-off event or the start of fresh down trend. Further spikes in volatility is likely but overall, AUD is expected to remain under pressure unless it can move and stay above 0.6650. Looking forward, if AUD were to close below 0.6300, it could lead to further sharp drop as the next support of note is not until the 2008 low near 0.6000.” 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 GBP/USD: Failing to break critical resistance FX Street 3 years AUD/USD faces volatile sessions and is still expected to remain under pressure, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “We are rewriting this as AUD just plunged to the low 0.6312 before snapping higher. Volatility is likely to remain elevated and the risk for AUD is likely to be on the downside. 0.6300 is a decent support but a break of this level could lead to further weakness to 0.6250, even as long as 0.6200. This morning high of 0.6630 is acting as high-water mark now.” Next 1-3 weeks: “AUD just nose-dived to a low of 0.6312… 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.