- AUD/USD pulls back from the session low after the news.
- The US Senate passed COVID-19 Bill, the final vote in the lower house still pending.
- The House Speaker Pelosi earlier demanded 24-hour notice for the special voting to call senators back from holiday.
With the US Coronavirus Relief Bill manage to pass through the Senate, AUD/USD pulls back from the Asian session low to 0.5915 amid the early Thursday. However, the final vote on the bill is yet pending and might create a scene considering the latest signals from the policymakers.
The US Senate finally manages to pass the much-awaited coronavirus (COVID-19) stimulus package. The estimated $2.0 trillion aid bundle could ignore the calls to amend jobless claims benefits from the opposition Democrats.
Though the final vote in the lower house is still pending and the policymakers have gone to the holiday period till April 20. As a result, the House Speak Nancy Pelosi earlier asked for a 24-hour notice to call the Senators from the off to vote, which in turn dims the prospects of the bill to turn into the law before late-Friday.
On the other hand, the US coronavirus numbers have been worrisome with cases jumping by 12,000 in one day while the death toll breaching 1,000 mark.
Even so, the market sentiment is likely to have cheered the recent news with the US 10-year treasury yields bouncing back beyond 0.80%.
Investors may now await the US jobless claims as it is likely to register extreme numbers due to the virus pandemic. However, the COVID-19 headlines are not expected to move from the driver’s seat.
Unless breaking 0.6080 immediate resistance, AUD/USD prices can’t rule out odds to revisit the 0.5740 support level.
Additional important levels
|Today last price||0.5914|
|Today Daily Change||-45 pips|
|Today Daily Change %||-0.76%|
|Today daily open||0.5959|
|Previous Daily High||0.6073|
|Previous Daily Low||0.593|
|Previous Weekly High||0.6307|
|Previous Weekly Low||0.5509|
|Previous Monthly High||0.6775|
|Previous Monthly Low||0.6434|
|Daily Fibonacci 38.2%||0.6019|
|Daily Fibonacci 61.8%||0.5985|
|Daily Pivot Point S1||0.5902|
|Daily Pivot Point S2||0.5845|
|Daily Pivot Point S3||0.5759|
|Daily Pivot Point R1||0.6044|
|Daily Pivot Point R2||0.613|
|Daily Pivot Point R3||0.6187|
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. 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. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.