AUD/USD Price Forecast – Australian Dollar Looking to Rollover

The Australian dollar rallied a bit during the trading session on Monday, but then turned around to show signs of exhaustion. Ultimately, this is a sign that we will continue to see a lot of volatility out there, which makes quite a bit of sense considering that the world continues to suffer from a huge lack of demand and of course the fact that most economies around the world are basically shut down due to the coronavirus.

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AUD/USD and NZD/USD Fundamental Daily Forecast – Central Bank Support, Weak Greenback Providing Support

While most investors were focusing on the Fed and demand for risk, Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr said the central bank can support the economy for as long as needed through both quantitative easing and other tools.

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AUD/USD and NZD/USD Fundamental Daily Forecast – Firm as Bad Economic Data fails to Move the Needle

Today’s negative reports had little influence on the Australian and New Zealand Dollars since they were already priced in. Generally speaking, the macro data dating back to February and March is of little relevance at this time.

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