Technical Overview of AUD/USD And EUR / USD Currency Pair
AUD/USD
AUD traded High against USD and closed at 0.6700
AUD/USD takes the bids to 0.6711 after the RBA leaves its benchmark interest rates unchanged during early Tuesday. The pair previously dropped amid fears of coronavirus outbreak. AUD/USD keeps losses as RBA's Lowe reiterates the “gentle turning point” description.
EUR/USD
EUR traded lower against USD and closed at 1.1042
Important Economic Events of the Day
AUD/USD
AUD traded High against USD and closed at 0.6700
AUD/USD takes the bids to 0.6711 after the RBA leaves its benchmark interest rates unchanged during early Tuesday. The pair previously dropped amid fears of coronavirus outbreak. AUD/USD keeps losses as RBA's Lowe reiterates the “gentle turning point” description.
- AUD/USD continues to trade in the red despite upbeat comments by RBA's Lowe.
- The central bank head said the economy is passing through a gentle turning point.
- China's Caixin services PMI for January missed estimates.
EUR/USD
EUR traded lower against USD and closed at 1.1042
- Amid risk reset, the EUR/USD pair is currently trading near 1.1034, down 0.10% on the day, having faced rejection near 1.11 on Monday.
- EUR/USD is losing altitude amid risk reset in the financial markets.
- Coronavirus scare has eased with China's decision to inject liquidity.
- All eyes remain on Eurozone data, ECB Lagarde’s speech and US PMIs.
Important Economic Events of the Day
- NZD Employment Change q/q
- USD ISM Non-Manufacturing PMI
- USD EIA Crude Oil Stocks Change
- USD ISM Non-Manufacturing PMI
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