AUD/USD turns green, hits session high of 0.6730

  • AUD/USD has added more than 10 pips amid mild risk-on in the equities. 
  • Equities are flashing green despite coronavirus scare.

The buying interest around the Australian dollar looks to have strengthened somewhat over the last few minutes, possibly tracking the uptick in the US equity index futures. 

Risk sentiment eyed

The futures on the S&P 500 are currently adding over 0.20% and the major Asian indices except Japan's Nikkei are flashing green. For instance, South Korea's Kospi and China's Shanghai Composite are up 0.23% and 1%, respectively. 

The equities are putting on a good show despite the uptick in the number of coronavirus cases in China and across the globe. A total of 105 people were killed by the coronavirus in mainland China on Sunday, the Chinese National Health Commission (NHC) said.

Further, a total of 2,048 cases were confirmed in mainland China on Sunday. The global tally is also rising with more than 71,319 cases of the virus recorded worldwide.

The Aussie dollar is likely benefitting from the mild risk-on in the equities. At press time, AUD/USD is trading at 0.6725, having hit a high of 0.6730 a few minutes ago. The pair found bids around 0.6714 early Monday. 

The currency could challenge resistance at 0.6750 (Feb. 12 high) in Europe if the risk sentiment continues to remain strong.

It's worth noting that the hedge funds have recently turned bullish on the AUD on hopes that the resilient domestic economy would allow the Reserve Bank of Australia to keep rates on hold in the near term. 

Technical levels


Today last price 0.6725
Today Daily Change 0.0010
Today Daily Change % 0.15
Today daily open 0.6715
Daily SMA20 0.6753
Daily SMA50 0.6847
Daily SMA100 0.683
Daily SMA200 0.6856
Previous Daily High 0.6732
Previous Daily Low 0.6708
Previous Weekly High 0.6751
Previous Weekly Low 0.6661
Previous Monthly High 0.704
Previous Monthly Low 0.6682
Daily Fibonacci 38.2% 0.6717
Daily Fibonacci 61.8% 0.6723
Daily Pivot Point S1 0.6705
Daily Pivot Point S2 0.6694
Daily Pivot Point S3 0.6681
Daily Pivot Point R1 0.6729
Daily Pivot Point R2 0.6742
Daily Pivot Point R3 0.6753



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.

Feed news

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD extends gains as ADP NFP disappoints with only 167K

EUR/USD is trading above 1.1850, extending its gains after ADP's private-sector report badly misses expectations with an increase of only 167,000 jobs in July. The greenback had already been falling with yields.


XAU/USD bulls unstoppable, renews life-time highs near $2040

With ‘buy the dips’ emerging as the main underlying theme behind the gold price action so far this week, the bulls flex their muscles further to record fresh all-time highs near $2040.

Gold News

GBP/USD trades well above 1.31 amid dollar weakness

GBP/USD is advancing towards this month high at 1.3169, recovering as the dollar retreats. The UK government is under scrutiny for its management of the virus crisis. US Services PMIs are eyed. The ADP NFP missed with 167K.


ETH/BTC on retreat, BTC recovery gains traction

ETH/BTC has topped at $0.03528 on Tuesday and retreated to $0.03448 by the time of writing. The cross has lost about 1% since the start of the day. The RSI on a daily chart reversed to the downside, signaling that the price is ready for a correction from overbought territory.

Read more

WTI hits fresh two-week highs near $42.50 ahead of EIA data

WTI (futures on Nymex) extends its winning-streak into the third straight day on Wednesday, as the bulls challenge the July high of $42.51.

Oil News