Coronavirus headlines seem to lack courage in disappointing Aussie buyers amid broad US dollar weakness. Fed policymakers keep trying to negate the possibilities of another rate cut in March. US NFP will be in the spotlight while qualitative catalysts hold the driver’s seat. AUD/USD takes a U-turn from the intra-day high of 0.6624 to 0.6610 after Australian Retail Sales marked downbeat figures on early Friday. Read: Australia’s Retail Sales drop 0.3% in Jan, surprise negatively – AUD/USD off the highs Australia’s January month Retail Sales slipped below 0.0% forecast to -0.3% but stays above -0.5% prior. Earlier during the day, Australia’s AiG Performance of Services Index for February lagged behind 47.4 before 47.00. Buyers are likely paying a little to the Aussie fundamentals, as well as its role as a risk-barometer, maybe because the US dollar is declining heavily amid rising calls of another rate cut from the Fed during March. The US equities remain in the sea of red while the coronavirus cases continue to rise in the world’s largest economy. Recently, the US Vice President Mike Pence accepted that they lack virus testing kits for now. Further, New York officials also recently crossed wires while saying that nearly 2,733 people in the city are under coronavirus quarantines. While COVID-19 headlines will keep the driver’s seat, US employment data for February will also be the key to watch. Forecasts suggest disappointment from the headline Nonfarm Payrolls (NFP) confronting no change in 3.6% Unemployment Rate and mild weakness in Average Hourly Earnings of 3.1% to 3.0%. Read More: Non-Farm Payrolls: Greenback comeback or cementing a second double Fed cut? Three scenarios Technical Analysis Unless closing back below the yearly trend line, at 0.6590 now, Aussie can keep challenging a 21-day SMA level of 0.6640 in search of visiting February 10, 2020 low near 0.6660. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/JPY sheds 14 pips on below-forecast Australian retail trade data FX Street 3 years Coronavirus headlines seem to lack courage in disappointing Aussie buyers amid broad US dollar weakness. Fed policymakers keep trying to negate the possibilities of another rate cut in March. US NFP will be in the spotlight while qualitative catalysts hold the driver’s seat. AUD/USD takes a U-turn from the intra-day high of 0.6624 to 0.6610 after Australian Retail Sales marked downbeat figures on early Friday. Read: Australia’s Retail Sales drop 0.3% in Jan, surprise negatively – AUD/USD off the highs Australia’s January month Retail Sales slipped below 0.0% forecast to -0.3% but stays above -0.5% prior. Earlier during the day, Australia’s… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.