How to trade the Aussie dollar this week: Saxo
The AUDUSD looked weak in the last couple of sessions, following the Brexit UK referendum, but it found the support again above the 0.73 cents handle. According to Saxo Capital Markets traders based in Sydney, the resistance levels remain at 0.7380, 0.74 and 0.7460 while the support levels are the 0.73 handle and 0.7285 at the 200 DMA. The AUDUSD is expected to be vulnerable to the current risk-off sentiments, but the potential short covering is also possible. Click the following link to read the read of these insights on the currency market: (VIEW LINK)
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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