We are still short AUDUSD and we see the currency pair now consolidating below 0.66 due to the continued spread of the coronavirus. This is due to China being Australia's trading partner and a significant slowdown in the Chinese economy would further impact the Australia economy increasing the probability of the RBA cutting rates.
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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.