AUD - BULLISH
1️⃣ Australian employment grew by 88,700 to a one-year high of 13,006,900 in February, easily beating market estimates of an increase of 30,000; while the jobless rate fell to 5.8%, the lowest in 11 months.
2️⃣ Australian retail sales for February are expected to jump as sales components rose.
USD - BEARISH
1️⃣ The Federal Reserve pledged to keep the near-zero rate outlook for at least 2023 despite strong growth and inflation outlook. Fed Chair also reiterated any rise in inflation would likely be temporary and showed no concerns over the recent bond sell-off.
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Technical
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We are looking to buy the AUDUSD at RBS + above SMA 50 on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
1️⃣ Australian employment grew by 88,700 to a one-year high of 13,006,900 in February, easily beating market estimates of an increase of 30,000; while the jobless rate fell to 5.8%, the lowest in 11 months.
2️⃣ Australian retail sales for February are expected to jump as sales components rose.
USD - BEARISH
1️⃣ The Federal Reserve pledged to keep the near-zero rate outlook for at least 2023 despite strong growth and inflation outlook. Fed Chair also reiterated any rise in inflation would likely be temporary and showed no concerns over the recent bond sell-off.
=====
Technical
=====
We are looking to buy the AUDUSD at RBS + above SMA 50 on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Trade active:
PENDING ORDER TRIGGERED
Trade closed: target reached:
✅ TRADE HAS HIT TP
+30 PIPS
+30 PIPS