Thursday, October 15, 2026

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FxWirePro: Aussie halts 2-day losing streak, investors await clarity on coronavirus

The Australian dollar rose, halting a 2-day losing streak as investors awaited some clarity on whether the coronavirus was being contained or not. The major was supported by an announcement by China’s Finance Minister on…

By FxWirePro Team
1 min read
FxWirePro: Aussie halts 2-day losing streak, investors await clarity on coronavirus
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  • The Australian dollar rose, halting a 2-day losing streak as investors awaited some clarity on whether the coronavirus was being contained or not. 
     
  • The major was supported by an announcement by China’s Finance Minister on Sunday that Beijing would roll out targeted and phased tax and fee cuts.
     
  • The Aussie was trading 0.2 percent up at 0.6726, having hit a high of 0.6750 on Wednesday, its highest since Feb. 6. 
     
  • Investors also eye this week's RBA Monetary Policy Meeting Minutes and the Federal Open Market Committee (FOMC) Meeting Minutes. 
     
  • Technical indicators are bullish on hourly charts: RSI strong at 56, Stochs are biased higher and MACD supports upside.
     
  • Immediate resistance is located at 0.6737, a break above could take it near 0.6755. 
     
  • On the downside, support is seen at 0.6707, a break below could drag it till 0.6683.

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team