KQMarkets

AUDUSD - Short - Continued Downside Potential

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FX:AUDUSD   澳元/美元
We still see AUDUSD moving lower despite the FED emergency 50 bps rate cut due to the continued impact of the coronavirus and it's impact on China. This is despite the RBA cutting 25bps in comparison such is the reliance on China and exports for the Australian economy we expect the currency pair to target 0.64 in the coming trading sessions.

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