The AUD/USD remains supported on the back of resilient risk sentiment. However, its fundamental picture continues to deteriorate on a difficult macro outlook in China and Sino-US tensions, Terence Wu, an FX strategist at OCBC Bank, briefs. Stay up to speed with Yohay Elam’s last analysis Key quotes “We prefer to stay on the cautious side, expecting the Sino-US tit-for-tat to tilt the equation towards being risk-negative. In this context, we expect to remain in favour of the USD against the antipodeans.” “We expect the pair to gradually lose its supported posture. Prefer to sell on rallies for now.” “Near-term resistance at 0.6600, with a floor at 0.6520.” 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 AUD/USD shrinking odds for a move to 0.6645 – UOB FX Street 3 years The AUD/USD remains supported on the back of resilient risk sentiment. However, its fundamental picture continues to deteriorate on a difficult macro outlook in China and Sino-US tensions, Terence Wu, an FX strategist at OCBC Bank, briefs. Stay up to speed with Yohay Elam's last analysis Key quotes “We prefer to stay on the cautious side, expecting the Sino-US tit-for-tat to tilt the equation towards being risk-negative. In this context, we expect to remain in favour of the USD against the antipodeans.” “We expect the pair to gradually lose its supported posture. Prefer to sell on rallies for now.” “Near-term… 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.
