AUD/USD Forecast: Bears to challenge the 0.7000 threshold – FXStreet

• The RBA is meeting this week and is expected to slash rates to a fresh record low.
• Australian coronavirus situation improving after almost 4-month of restrictions.
• AUD/USD is at risk of extending its decline, needs to break below 0.7000.

The AUD/USD pair finished October in the red in the 0.7020 price zone, affected by the persistent risk-off mood. Demand for the greenback dominated the scenes amid a second wave of coronavirus hitting the northern hemisphere, delaying chances of an economic comeback….

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