Terence Wu, an FX strategist at OCBC Bank, notes that the 0.7150 supported the AUD/USD pair and expects the aussie to trade between 0.7150 and 0.7250 next sessions. AUD/USD is nearing the 0.7186 daily high as trades just below the 0.7180 mark. Key quotes “Domestic factors weigh, with RBA’s Ellis projecting a softer than expected rebound in the Australian economy and employment figures that are likely to remain weak in 2021.” “Globally, Sino-US tensions should also do the AUD-USD no favours. However, the support at 0.7150 held amid ongoing risk-on sentiment.” “Continue to expect a 0.7150 to 0.7250 range for now. A deeper retracement to 0.7070 may negate the recent supported posture.” 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: Fundamentals still tend to the downside FX Street 2 years Terence Wu, an FX strategist at OCBC Bank, notes that the 0.7150 supported the AUD/USD pair and expects the aussie to trade between 0.7150 and 0.7250 next sessions. AUD/USD is nearing the 0.7186 daily high as trades just below the 0.7180 mark. Key quotes “Domestic factors weigh, with RBA’s Ellis projecting a softer than expected rebound in the Australian economy and employment figures that are likely to remain weak in 2021.” “Globally, Sino-US tensions should also do the AUD-USD no favours. However, the support at 0.7150 held amid ongoing risk-on sentiment.” “Continue to expect a 0.7150 to 0.7250 range for… 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.
