AUD/USD Forecast

The US dollar weakens as apprehension over the US Federal Reserve's unlimited support increase and the US Unemployment Claims shocked.

The US dollar continues its surge as sentiment drives economic data aside. Apprehension and risk aversion remain high as the COVID-19 crisis spreads.

Risk aversion pushes Gold up while Oil crumbles due to weak demand and a price war. The US dollar made significant moves for the week.

Risk aversion pushes US 10 year note yield to a record low. Many conclude that the economic condition is to worsen. Apprehension is high.

The AUD and now USD is facing increased bearish pressure. Eyes are on the CORVID 19 situation and apprehension is high. Important economic data is due.

We review the technical and sentiment situation of the AUD/USD and EUR/USD and explore the possible implications for the week ahead.