The sudden turn on Wednesday underlied the inherent choppiness of risk appetite but FX strategists at OCBC bank have not seen sufficient evidence to suggest that the recent positive tilt in sentiment has run its course. Key quotes “Near-term uptrend have not been impinged just yet, although the outlook may change if the 0.6200 level is breached.” “Resistance at 0.6350 for now. If that level can be recovered, the uptrend may still have legs going forward.” “We pencil in a tactical long AUD/USD idea on 15 April, targeting 0.6926 and placing a stop at 0.6146.” 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 bounces off 1-week low, still in the red below 0.6300 mark FX Street 2 years The sudden turn on Wednesday underlied the inherent choppiness of risk appetite but FX strategists at OCBC bank have not seen sufficient evidence to suggest that the recent positive tilt in sentiment has run its course. Key quotes “Near-term uptrend have not been impinged just yet, although the outlook may change if the 0.6200 level is breached.” “Resistance at 0.6350 for now. If that level can be recovered, the uptrend may still have legs going forward.” “We pencil in a tactical long AUD/USD idea on 15 April, targeting 0.6926 and placing a stop at 0.6146.” 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.
