{"id":105256,"date":"2020-09-24T21:41:40","date_gmt":"2020-09-24T20:41:40","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=105256"},"modified":"2020-09-25T06:43:36","modified_gmt":"2020-09-25T05:43:36","slug":"104445-aud-usd-tumbles-to-two-month-low","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104445-aud-usd-tumbles-to-two-month-low\/","title":{"rendered":"AUD\/USD tumbles to two-month low"},"content":{"rendered":"<ul>\n<li><span style=\"font-weight: 400;\">AUD\/USD sold off for a 5<\/span><span style=\"font-weight: 400;\">th<\/span><span style=\"font-weight: 400;\"> straight session on Thursday.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Resurging\u00a0 covid fears and risk aversion boosted the safe haven US Dollar<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Technical selling sub 0.7100 added to the decline<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The AUD\/USD extended its selloff for a fifth consecutive session to 0.7030<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Strong and persistent US Dollar demand has seen the pair trend southwards over 300 points to resistance at\u00a0 0.7345. Second wave of coronavirus fears hit investor\u2019s sentiment and lifted the safe haven global reserve currency USD.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Buyers of the\u00a0 USD shrugged off comments from various Fed officials on Wednesday, warning over the need for additional fiscal stimulus to support the slowing economic recovery.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Instead, the greenback looked to the risk-off environment for cues. The safe haven trade added pressure to the\u00a0 riskier Australian dollar and extended to the AUD\/USD pair&#8217;s ongoing slide.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A breakthrough support at 0.7140\u00a0 and decline sub 0.7100 means that the selloff could also be some technical selling Extended weakness towards 100-day SMA, around the key 0.7000 psychological mark, now looks very likely<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Attention will now turn to the US economic calendar with Initial Weekly Jobless Claims and New Home Sales data in focus. Fed Chair Jerome Powell and Treasury Secretary Steven Mnuchin are also due to testify which could drive some movement.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Risk sentiment and covid developments will drive AUD\/USD across the European trading session on Thursday.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AUD\/USD sold off for a 5th straight session on Thursday. Resurging\u00a0 covid fears and risk aversion boosted the safe haven US Dollar Technical selling sub 0.7100 added to the decline The AUD\/USD extended its selloff for a fifth consecutive session to 0.7030 Strong and persistent US Dollar demand has seen the pair trend southwards over [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":82671,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1547,1381],"tags":[1540,2415,1398],"class_list":["post-105256","post","type-post","status-publish","format-standard","has-post-thumbnail","category-aud","category-usd","tag-aud","tag-aud-usd","tag-usd"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>AUD\/USD tumbles to two-month low - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104445-aud-usd-tumbles-to-two-month-low\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104445-aud-usd-tumbles-to-two-month-low\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104445-aud-usd-tumbles-to-two-month-low\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"AUD\\\/USD tumbles to two-month low\",\"datePublished\":\"2020-09-24T20:41:40+00:00\",\"dateModified\":\"2020-09-25T05:43:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104445-aud-usd-tumbles-to-two-month-low\\\/\"},\"wordCount\":228,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104445-aud-usd-tumbles-to-two-month-low\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/australian-dollar-coins.jpg\",\"keywords\":[\"aud\",\"aud\\\/usd\",\"usd\"],\"articleSection\":[\"AUD\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104445-aud-usd-tumbles-to-two-month-low\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104445-aud-usd-tumbles-to-two-month-low\\\/\",\"name\":\"AUD\\\/USD tumbles to two-month low - 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