fxstreet.com 05 Feb, 2021 16:30 am

AUD/USD may extend its decline, but losses likely to be moderated

AUD/USD may extend its decline, but losses likely to be moderated
It was a dull week for AUD/USD in terms of price action, as, after gapping lower at the opening, it is closing it unchanged in the 0.7610 price zone.

FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.It also does not guarantee that this information is of a timely nature.1%, while policymakers reiterated that rates wouldn’t be hike until inflation reaches the central bank’s target.Additionally, the central bank announced it would extend its QE program, with additional bond purchases at a $5 billion pace per week, once the current program ends in three months.

” “Weekly basis, lower lows and lower highs suggest that the pair will keep on falling.Resilient Australian economy is set to keep providing support to the aussie, Valeria Bednarik, Chief Analyst at FXStreet, reports.

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