AUD/USD | Australian Dollar to US Dollar Trading Analysis

AUD/USD | Australian Dollar to US Dollar Trading Analysis

Written by: PaxForex analytics dept - Thursday, 09 April 2020 0 comments

"Risk aversion and the U.S. dollar go hand in hand," said CNBC Ray Attrill, head of foreign exchange strategy at the National Bank of Australia. Although the virus curve is leveling off, the economic impact of the crisis will continue for many years," Joe Capurso, a currency analyst at the Commonwealth Bank of Australia, told CNBC. Enterprises will need time to reopen, some of them will not be able to resume work, and the fight against unemployment will take years. 

AUD/USD, 30 min

Pivot: 0.6231