AUD - BEARISH
1️⃣ Signs of progress on additional US stimulus measures pushed the yield on the benchmark 10-year government bond to near 10-month high touched in January.
2️⃣ Australian Open hotel quarantine worker has tested positive to the novel coronavirus, forcing Melbourne to reintroduce restrictions.
USD - BULLISH
1️⃣ Helped by the promise of additional fiscal stimulus by new U.S. President Joe Biden, his focus on making progress with coronavirus vaccinations, as well improving economic data.
2️⃣ Treasury yields have started to rise, with the 10-yr Treasury note’s yield up 0.9% early Thursday, on the implication of additional borrowing to fund the stimulus.
3️⃣ U.S. economic data have improved of late, with Wednesday’s ADP data showing the country’s private sector added a net 174,000 jobs in the month through mid-January, bouncing back strongly from its lockdown-related blues.
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Technical
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We are looking to sell the AUDUSD if the price break below the support of 0.76120 + below SMA 50 on the H1 chart.
1️⃣ Signs of progress on additional US stimulus measures pushed the yield on the benchmark 10-year government bond to near 10-month high touched in January.
2️⃣ Australian Open hotel quarantine worker has tested positive to the novel coronavirus, forcing Melbourne to reintroduce restrictions.
USD - BULLISH
1️⃣ Helped by the promise of additional fiscal stimulus by new U.S. President Joe Biden, his focus on making progress with coronavirus vaccinations, as well improving economic data.
2️⃣ Treasury yields have started to rise, with the 10-yr Treasury note’s yield up 0.9% early Thursday, on the implication of additional borrowing to fund the stimulus.
3️⃣ U.S. economic data have improved of late, with Wednesday’s ADP data showing the country’s private sector added a net 174,000 jobs in the month through mid-January, bouncing back strongly from its lockdown-related blues.
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Technical
=====
We are looking to sell the AUDUSD if the price break below the support of 0.76120 + below SMA 50 on the H1 chart.
Trade active:
PENDING ORDER TRIGGERED
Trade closed: target reached:
✅ TRADE HAS HIT BREAKEVEN
+5 PIPS
+5 PIPS