AUDUSD remains under pressure, say Saxo traders

Saxo Capital Markets Australia

Multi-asset trading platform

Optimistic comments concerning a December rate hike from the US Fed Janet Yellen strengthened the US dollar, against most currencies today including the Aussie Dollar. Saxo Capital Markets traders based in Australia say that even though the AUDUSD traded higher on Wednesday, it failed to stay above the key resistance level of 0.72. Given this, the AUDUSD is expected to remain under further selling pressure. To read more visit: (VIEW LINK)


Saxo Capital Markets Australia
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Multi-asset trading platform

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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