FXStreet (Mumbai) - Despite persisting risk-on trades, the Aussie remains heavily offered and trades below 0.72 barrier, mainly tracking losses in gold prices. AUD/USD eyes 0.7155 – 100-DMA Currently, the AUD/USD pair declines -0.75% to 0.7175, hovering close to fresh session lows struck at 0.7166 in early Asia. The Aussie bears are relentless this session, keeping the pair submerged into losses ahead of a solid 100-DMA support, a break of which will trigger a fresh sell-off of nearly 50-pips at one go. The AUD/USD pair stalled its recovery near 50-DMA at 0.7186 and reverted to daily lows following the renewed sell-off seen in gold prices. Gold futures on the Comex witnessed fresh selling interest in Asia and drop over 1% to $ 1066/ oz., in a delayed reaction to the Fed rate hike decision and weigh heavily on the resource-linked Australian dollar. Moreover, the USD bulls continue to ride higher against its major competitors as Fed fulfils its promise of a rate hike and expects to raise rates at steady pace next year depending on the US economic performance] in light of lower inflation. The USD index rises 0.46% to 98.86. Looking ahead, markets will continue to track the broader market sentiment and now await the US economic releases for further momentum. AUD/USD Levels to watch The pair trades below 0.72 handle with the immediate support seen at 0.7155 (100-DMA). Selling pressure is likely to intensify below the last, dragging the Aussie to 0.7100 (round number). To the upside, the immediate resistance is located at 0.7217 (5-DMA/ 1h 100-SMA) above which gains could be extended to the next hurdle located at 0.7239/45 (20-DMA/ 1h 200-SMA). ------- What will 2016 bring to the Forex traders? Attend our Forex Forecast 2016 - The Panel with Ashraf Laidi, Valeria Bednarik, Boris Schlossberg, Adam Button, Ivan Delgado and Dale Pinkert. Register for the live event on Dec. 18th and get the recording too. ------- For more information, read our latest forex news.