AUDUSD SHORT
1) Price at long standing area of resistance
2) Weaker than expected AUS jobs report
3) RBA highlights uncertainty impacting growth and investment
4) Melbourne enters 2nd lockdown
6) Australia announces it will act as a haven for Hong Kong citizens - AUD/China tension will weigh more than USA/CHINA relations due to proximity / relative AUD weakness vs US
7) AUD resource based economy will always suffer when global demand falls
NB - While I am looking for shorts, I will await price action confirmation
1) Price at long standing area of resistance
2) Weaker than expected AUS jobs report
3) RBA highlights uncertainty impacting growth and investment
4) Melbourne enters 2nd lockdown
6) Australia announces it will act as a haven for Hong Kong citizens - AUD/China tension will weigh more than USA/CHINA relations due to proximity / relative AUD weakness vs US
7) AUD resource based economy will always suffer when global demand falls
NB - While I am looking for shorts, I will await price action confirmation
Note
We can see short term price rejection around 0.7004 - looking for shorts around hereNote
We are still waiting to trade this - not seen enough price action to warrant a short just yet
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.