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Feb 07 - 07:24 AM

AUD/USD - Extends South To Threaten October's 10-Year Low

By Rob Howard  —  Feb 07 - 05:35 AM
  • AUD/USD hits 0.6677 after extending south from 0.6737 (Asian session high)

  • 0.6677 is low since Oct 2 -- when AUD/USD plumbed a 10-year low of 0.6670

  • Risk-sensitive AUD is suffering on coronavirus angst nL1N2A7010

  • Coronavirus could cut Australia's Q1 GDP growth by 0.2 ppt-RBA nL4N2A71SA

  • 0.6670 break risk will increase if U.S. Jan NFP comes in above 160k f/c

  • See: nL1N2A61KGnL1N2A608M. AUD/USD bear targets include 0.6625 and 0.65

AUDUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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