{"id":106267,"date":"2020-10-30T18:59:29","date_gmt":"2020-10-30T18:59:29","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=106267"},"modified":"2020-11-02T05:59:51","modified_gmt":"2020-11-02T05:59:51","slug":"104692-aud-usd-selloff-to-continue-as-fiscal-talks-deadlocked-biden-leads","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104692-aud-usd-selloff-to-continue-as-fiscal-talks-deadlocked-biden-leads\/","title":{"rendered":"AUD\/USD Selloff to continue as Fiscal Talks Deadlocked. Biden Leads"},"content":{"rendered":"<ul>\n<li><b>Biden leads in the polls; a surprise can\u2019t be ruled out<\/b><\/li>\n<li><b>Covid-19 cases spike &amp;, fiscal stimulus deadlock drags on sentiment<\/b><\/li>\n<li><b>AUD\/USD breaks support at 0.7018 could open the door to more losses<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">5 DAYS UNTIL THE US PRESIDENTIAL ELECTION<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A BBC News poll showed Democrat Joe Biden leading ahead of President Trump by a 9-point margin with just five days to go to the election. This is approximately 2 points higher than the 7-point average Joe Biden has held for weeks.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">FISCAL STIMULUS STALEMATE<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The deadlock over fiscal stimulus continues to move the market. Fed Governor Lael Brainard warned Congress that the absence of another rescue package poses \u201cthe most significant downside risk\u201d. with the central bank doing all that it can to steady financial markets the need for more fiscal stimulus has been stressed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The stalemate comes as Covid-19 cases are surging across the world and in the US Tighter lockdown restrictions and no additional aid raises fears of a double dip recession hurting demand for cycle-sensitive pairs such AUD\/USD.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">AUD\/USD OUTLOOK<\/span><\/p>\n<p><span style=\"font-weight: 400;\">AUD\/USD is testing support at 0.7018 after failing to break above a multi-week downtrend on several As AUD\/USD slips deeper within a compression zone \u2013 marked out by a descending resistance and the above mentioned support \u2013 the chances of a breakout could increase.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Biden leads in the polls; a surprise can\u2019t be ruled out Covid-19 cases spike &amp;, fiscal stimulus deadlock drags on sentiment AUD\/USD breaks support at 0.7018 could open the door to more losses 5 DAYS UNTIL THE US PRESIDENTIAL ELECTION A BBC News poll showed Democrat Joe Biden leading ahead of President Trump by a [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":3825,"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-106267","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 v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>AUD\/USD Selloff to continue as Fiscal Talks Deadlocked. Biden Leads - 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\/104692-aud-usd-selloff-to-continue-as-fiscal-talks-deadlocked-biden-leads\/\" \/>\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\\\/104692-aud-usd-selloff-to-continue-as-fiscal-talks-deadlocked-biden-leads\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104692-aud-usd-selloff-to-continue-as-fiscal-talks-deadlocked-biden-leads\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"AUD\\\/USD Selloff to continue as Fiscal Talks Deadlocked. 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