Although the coronavirus (COVID-19) woes recently weighed on the AUD/USD prices, the National Australia Bank (NAB) holds its bullish bias for the aussie pair during the latest forecast. The NAB marks risk sentiment and commodity prices as the key drivers supporting the AUD/USD upside while also saying, “A key influence here, alongside China commodity demand remaining robust, is that optimism toward fuller global economic re-opening come H2 2021 proves justified.” It’s worth mentioning that the Australian Bank is bearish on the US dollar as it said, “Looked at through the USD lens, this month’s pull-back in the USD and the likelihood of more to come is also supportive of our prevailing forecast for AUD/USD revisiting the 0.80 level around mid-year and moving into a modestly higher (0.80-0.85) trading range come H2 2021.” Also read: AUD/USD struggles to keep 0.7700 on US dollar bounce ahead of Aussie Retail Sales 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/NZD Price Analysis: The bulls are stepping in before next bearish impulse FX Street 2 years Although the coronavirus (COVID-19) woes recently weighed on the AUD/USD prices, the National Australia Bank (NAB) holds its bullish bias for the aussie pair during the latest forecast. The NAB marks risk sentiment and commodity prices as the key drivers supporting the AUD/USD upside while also saying, "A key influence here, alongside China commodity demand remaining robust, is that optimism toward fuller global economic re-opening come H2 2021 proves justified." It's worth mentioning that the Australian Bank is bearish on the US dollar as it said, "Looked at through the USD lens, this month's pull-back in the USD and the… 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.
