AUDUSD broke below the 2008 lows at 0.6006 on the back of US Dollar strength and ongoing concerns regarding the coronavirus pandemic. RBA already lowered interest rates twice this year and announced that is considering further cuts if necessary. These news have weakened the Australian currency. At the moment Aussie is trading at 0.5920, level not seen since 2003.
AUD / USD broke below key support zone at 0.6062 as the virus risks continued to support safe-haven assets. Source: xStation5
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThis content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
