The Aussie picks up pace and regains 0.7100 and above. AUD remains bid despite growth concerns. The pair stays supported around 0.7000. The Aussie Dollar has started the week on a positive note and has lifted AUD/USD to fresh daily highs in levels beyond 0.7100 the figure. AUD/USD bid on weak USD Spot keeps recovering part of the ground lost in the last couple of sessions, managing to reclaim the critical 0.7100 handle while finding decent contention around the psychological 0.7000 neighbourhood. Concerns over a global slowdown, particularly in the Chinese economy remain in centre stage, although recent comments from Chinese officials have emphasized the capacity of the economy to deal with downside pressures, all lending support to AUD. On the positioning front, AUD speculative net shorts climbed to the highest level since late November 2018 during the week ended on March 19, according to the latest CFTC report. What to look for around AUD The broad risk-appetite trends continue to drive the sentiment in the high-beta currencies and the commodity-bloc, where developments in the US-China trade dispute remain the almost exclusive catalyst of the price action. Recent RBA minutes confirmed the shift to a more neutral stance from the central bank, while market participants continue to price in a rate cut at some point in H2 2019, all keeping the medium term bearish outlook on AUD unchanged for the time being. AUD/USD levels to watch At the moment the pair is gaining 0.27% at 0.7098 and a breakout of 0.7131 (55-day SMA) would aim for 0.7168 (high Mar.21) and finally 0.7215 (200-day SMA). On the downside, the next support emerges at 0.7003 (low Mar.8) followed by 0.6907 (monthly low Sep.4 2015) and then 0.6827 (monthly low Jan.26 2016). 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 NZD/USD refreshes session tops, looks to extend the momentum beyond 0.6900 handle FX Street 4 years The Aussie picks up pace and regains 0.7100 and above. AUD remains bid despite growth concerns. The pair stays supported around 0.7000. The Aussie Dollar has started the week on a positive note and has lifted AUD/USD to fresh daily highs in levels beyond 0.7100 the figure. AUD/USD bid on weak USD Spot keeps recovering part of the ground lost in the last couple of sessions, managing to reclaim the critical 0.7100 handle while finding decent contention around the psychological 0.7000 neighbourhood. Concerns over a global slowdown, particularly in the Chinese economy remain in centre stage, although recent comments from… 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.