The AUD/USD pair turned heavy amid the broader risk-off tilt and is now trading below the 0.72 mark. Terence Wu, FX strategists at OCBC Bank, has a negative bias for the aussie as the stock market is falling. The analyst will be closely watching the 0.7170/00 support. Key quotes “With Asian equities and S&P 500 futures still in the red, expect the climate to be negative for the pair for now.” “The aussie should trade in line with shifting risk sentiment and the commodity complex in the coming sessions.” “Watch 0.7170/00 on the downside, against 0.7240 resistance.” 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 USD/CHF to continue the correction higher on a break above 0.9173 – Commerzbank FX Street 1 year The AUD/USD pair turned heavy amid the broader risk-off tilt and is now trading below the 0.72 mark. Terence Wu, FX strategists at OCBC Bank, has a negative bias for the aussie as the stock market is falling. The analyst will be closely watching the 0.7170/00 support. Key quotes “With Asian equities and S&P 500 futures still in the red, expect the climate to be negative for the pair for now.” “The aussie should trade in line with shifting risk sentiment and the commodity complex in the coming sessions.” “Watch 0.7170/00 on the downside, against 0.7240 resistance.” 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.
