AUD/USD is consolidating the renewed upside around 0.6985, up 0.10% on the day. Terence Wu, an FX strategist at OCBC Bank, believes the aussie may well be poised to extend higher if breach the resistance at 0.7000. In that case, the next target is set at 0.7060. Key quotes “The dips in the AUD are shallow and lack follow-through at this stage.” “Despite the negative virus-related headlines, the pair is re-testing the 0.7000 resistance. If breached, the next northbound target will be 0.7060.” “Support at 0.6920 in the near-term.” 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 EUR/USD: Overbought conditions suggest a correction FX Street 3 years AUD/USD is consolidating the renewed upside around 0.6985, up 0.10% on the day. Terence Wu, an FX strategist at OCBC Bank, believes the aussie may well be poised to extend higher if breach the resistance at 0.7000. In that case, the next target is set at 0.7060. Key quotes “The dips in the AUD are shallow and lack follow-through at this stage.” “Despite the negative virus-related headlines, the pair is re-testing the 0.7000 resistance. If breached, the next northbound target will be 0.7060.” “Support at 0.6920 in the 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.
