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Jan 31 - 07:24 AM

AUD/USD - Gets Closer To 10-Year Low Amid Virus Angst

By Rob Howard  —  Jan 31 - 05:50 AM
  • AUD/USD down to 0.6683 as AUD continues to suffer on coronavirus angst

  • See: nL4N29Z6DC. 0.6683 is 13 pips shy of October's 10-year low

  • 0.6700 (Thursday's low) is now a resistance level. 0.6729 was Asia high

  • RBA cash rate verdict next week, no rate change expected nL4N2A01TF

  • If the RBA springs a rate cut surprise, the AUD could take a fresh hit

  • Australia on standby for fire threat as heat, winds return nL4N2A00GY

AUDUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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