AUD - BEARISH
1️⃣ Sentiment was hit as a fresh cluster of COVID-19 cases sparked a lockdown in the state of South Australia while numbers in the United States also soared, denting recent optimism over-promising vaccine trial results.
USD - BULLISH
1️⃣ Amid increasing liquidity needs as more US states tightens restrictions.
2️⃣ The risk-off tone supports the dollar.
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Technical
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We are looking to sell the AUDUSD at the SBR + below SMA 50 on the H1 chart.
1️⃣ Sentiment was hit as a fresh cluster of COVID-19 cases sparked a lockdown in the state of South Australia while numbers in the United States also soared, denting recent optimism over-promising vaccine trial results.
USD - BULLISH
1️⃣ Amid increasing liquidity needs as more US states tightens restrictions.
2️⃣ The risk-off tone supports the dollar.
=====
Technical
=====
We are looking to sell the AUDUSD at the SBR + below SMA 50 on the H1 chart.