The AUD/USD pair fell to a fresh 2020 low of 0.7591 last week, ending it with modest losses below the 0.7700 level. Bears could take their chances in a week where the Reserve Bank of Australia (RBA) is having a monetary policy meeting on Tuesday, Valeria Bednarik, Chief Analyst at FXStreet, briefs. Key quotes “On Tuesday, the RBA will have a monetary policy meeting, but little action is expected this time. Australia will later publish the final version on December Retail Sales, and the Services PMI for the same month.” “The week will end with the US publishing the January Nonfarm Payroll report. The country is expected to have added 85K new jobs in the month, while the unemployment rate is foreseen steady at 6.7%.” “Supports are located at 0.7640 and 0.7590 with a break below this last exacerbating the slump. The aussie needs to recover beyond 0.7740 to extend its gains towards 0.7815.” 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 French FinMin Le Maire: A full lockdown to cost economy around EUR15B a month FX Street 1 year The AUD/USD pair fell to a fresh 2020 low of 0.7591 last week, ending it with modest losses below the 0.7700 level. Bears could take their chances in a week where the Reserve Bank of Australia (RBA) is having a monetary policy meeting on Tuesday, Valeria Bednarik, Chief Analyst at FXStreet, briefs. Key quotes “On Tuesday, the RBA will have a monetary policy meeting, but little action is expected this time. Australia will later publish the final version on December Retail Sales, and the Services PMI for the same month.” “The week will end with the US publishing the January… 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.
