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WIG20 Index Surges Back Above 200DMA Resistance

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AUSSIE
AUSSIE: AUD/USD tumbled Thursday as broad-based risk aversion gained steam, amid
concerns over the second wave of coronavirus cases indicated by the latest data
from some U.S. states, as well as wider worry about the impact of the virus.
- China's MOFCOM Spokesman Gao Feng said that Beijing will evaluate Australia's
plan on foreign investment law revision and hopes that Australia will safeguard
the interests of foreign investors.
- AUD/USD weakness has carried over into the Asia session and the rate last sits
-27 pips at $0.6828. Bears look for a drop through the 20-EMA/Jun 2 low at
$0.6778/75, towards the 200-DMA at $0.6665. Bulls need to retake Jun 10 high of
$0.7063 to regain control.
- Australian economic docket is virtually empty today.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com