AUDUSD appears to have found a support level at 0.75

Saxo Capital Markets Australia

Multi-asset trading platform

After five consecutive days of positive gains, the US dollar index (DX) fell and the AUDUSD appears to have found the support level at 0.75 handle. Saxo’s Sydney-based traders expect the AUDUSD to trade below the resistance level 0.76 handle given the lack of economic data this week, until Friday’s Chinese Caixin Manufacturing PMI and US non-farm payroll. However, Saxo traders say tomorrow morning Janet Yellen's comments at the luncheon in New York may bring back the volumes in the currency markets. Click the following link to read the full analysis: (VIEW LINK)


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Saxo Capital Markets (Australia) Pty Ltd is a wholly owned subsidiary of Saxo Bank A/S, a global online trading platform specialist. We enable investors the ability to trade FX, CFDs, Stocks, Futures & other derivatives from one account....

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