Terence Wu, FX Strategist at OCBC Bank, expects the Australian dollar, which is edging higher against the US dollar, to stay supported in the near-term. The AUD/USD pair has recaptured the 0.7700 level starting out 2021 and now targets the 0.7750 mark. Key quotes “The AUD/USD bullish trajectory remains intact, with technicals still pointing to further upside for the aussie.” “With risk environment supportive and RMB still on a firming stance, do not rule out further upside for this pair.” “0.7750 may be the immediate target for now, but expect further extension higher.” 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 US Dollar Index looks weak near 89.60 FX Street 1 year Terence Wu, FX Strategist at OCBC Bank, expects the Australian dollar, which is edging higher against the US dollar, to stay supported in the near-term. The AUD/USD pair has recaptured the 0.7700 level starting out 2021 and now targets the 0.7750 mark. Key quotes “The AUD/USD bullish trajectory remains intact, with technicals still pointing to further upside for the aussie.” “With risk environment supportive and RMB still on a firming stance, do not rule out further upside for this pair.” “0.7750 may be the immediate target for now, but expect further extension higher.” 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.
