ShukriMahadi
Long

AUD PRICE ACTION EYES SUBDUED VOLATILITY DESPITE EXTENDED VIRUS

FX:AUDUSD   Australian Dollar / U.S. Dollar
The AUD likely stands to be strong-armed by broader market sentiment
Australian Dollar could keep marching higher if the absence of volatility is sustained
RBA minutes, impact of coronavirus lockdown measures might undermine the Aussie
The Australian Dollar has notched an astounding rally against its US Dollar peer since AUD/USD price action bottomed in March amid peak coronavirus panic. Alongside improving risk appetite, as well as a notable retracement lower in currency volatility , Aussie bulls have steered the sentiment-linked AUD/USD broadly higher. Indicated by one-week AUD/USD implied volatility readings, volatility is expected to subside further, which could help keep the Australian Dollar in demand barring no unexpected bearish developments unfold.

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