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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.