AUD/USD bounces from a fresh one-decade low

Dollar gives up some ground as NY Fed announces measures to palliate crisis.
Wall Street bounced, three mayor indexes deep in the red anyway.
AUD/USD bounced from multi-year low, remains in bearish territory.

FXStreet Team FXStreet

Relief news coming from the US are helping AUD/USD to bounce from 0.6265, its lowest since March 2009. The NY Fed will offer $500 Bln in a three-month repo operation later today, in an effort to counter the coronavirus-related crisis.

Wall Street bounced from multi-month lows, although the three major indexes remain roughly 6.0% lower in the day, somehow indicating that the chaos is far from over, and that market players are rather making a pause.

As for the AUD/USD pair, it is trading at around 0.6350, in the red for a fourth consecutive day. An immediate resistance level comes at 0.6385, the peak of the current session, followed by 06420. Supports come at 0.6305 and the mentioned daily low at 0.6265.

AUD/USD

Overview
Today last price	0.6364
Today Daily Change	-0.0119
Today Daily Change %	-1.84
Today daily open	0.6483

Trends
Daily SMA20	0.6608
Daily SMA50	0.6733
Daily SMA100	0.6797
Daily SMA200	0.6826

Levels
Previous Daily High	0.654
Previous Daily Low	0.6479
Previous Weekly High	0.6658
Previous Weekly Low	0.6465
Previous Monthly High	0.6775
Previous Monthly Low	0.6434
Daily Fibonacci 38.2%	0.6502
Daily Fibonacci 61.8%	0.6517
Daily Pivot Point S1	0.6461
Daily Pivot Point S2	0.6439
Daily Pivot Point S3	0.64
Daily Pivot Point R1	0.6523
Daily Pivot Point R2	0.6562
Daily Pivot Point R3	0.6584

Author

FXStreet Team

FXStreet

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