AUD/USD price teases weekly support line, 200-HMA amid downbeat sentiment

AUD/USD remains depressed near 0.7290, down 0.10% intraday, during the early Thursday. The pair earlier bounced off an intraday low after Australia’s October month employment data offered a positive surprise. However, the risk-off mood recalled the sellers as the coronavirus (COVID-19) fears joined the Brexit jitters and the angst against China’s stand in Hong Kong. Read: S&P 500 Futures wobble near one-week low amid fresh risk negatives Technically, sellers attack an upward sloping trend line from November 13, as well as 200-HMA. Considering the risk-off mood joining the bearish MACD, the quote is likely to stay … (full story)

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