- The Australian dollar plunged to a near 11-year trough amid diminishing hopes the coronavirus outbreak could be contained in China as infections spread around the globe.
- The Aussie was trading 0.5 percent down at 0.6536, having hit a low of 0.6516 earlier, its lowest since March 2009.
- Technical indicators are bearish: RSI weak at 25, Stochs are at oversold levels and MACD supports downside.
- Immediate resistance is located at 0.6585, a break above could take it near 0.6604 (38.2% retracement of 0.6750 and 0.6516)
- On the downside, support is seen at 0.6498, a break below could drag it till 0.6479.
Recommendation: Good to sell on rallies around 0.6565, with stop loss of 0.6585, and target price of 0.6498.


Sterling's Shine Fades: GBPJPY Sell-on-Rally Setup Targets 210.40 Breakdown
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption
FxWirePro: EUR/ NZD bulls gain momentum,eyes level 2.0000
FxWirePro: USD/JPY holds firm despite concerns over possible currency intervention
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
NZDJPY Bearish Reversal Intact: Triple EMA Stack Signals Sell-on-Rallies Play Toward 90.50
FxWirePro: GBP/NZD climbs as robust U.S. employment figures triggers renewed buying interest.
FxWirePro: GBP/USD falls to two-week low on strong US jobs data
NFP Shockwave Wipes Out EURUSD Gains as King Dollar Roars Back; Bears Target 1.1525
FxWirePro: GBP/AUD bulls gain momentum on hot U.S. Jobs data
AUDJPY Cracks Below 113: Bearish Breakdown Accelerates Toward 110.50 Target
FxWirePro- Woodies pivot (Major)
FxWirePro USD/CAD steadies around 1.3910,retains bid tone
FxWirePro: AUD/USD holds narrow range, focus on near-term support 



