AUD

AUD Trades with Clear Dovish Bias and Closed at Lowest in a Decade

AUD USD
AUDUSD Hourly (H1) Chart

AUD/USD: The pair which traded with clear dovish bias and closed at lowest in a decade – 0.6540 in the previous session has since managed to rebound from its sharp decline slightly and is trading with positive bias today. USD declined on reports of new COVID-19 victims in the USA, which weakened US T.Yields, providing bulls with opportunity for a short term relief rally. 

Please feel free to share your thoughts with us in the comments below. 

Was this post helpful?