AUD - BULLISH
1️⃣ Investors proved optimistic on the latest novel coronavirus vaccine developments as AstraZeneca reported that its virus vaccine was up to 90% effective, cheaper, and easier to distribute than rivals.
2️⃣ The global risk sentiment remained well supported by the optimism over COVID-19 vaccine.
3️⃣ Australia posted a goods trade surplus of A$4,840m in October, with exports lifting 6% while imports added 8%.
USD - BEARISH
1️⃣ Increase in risk appetite after US General Services Administration acknowledged Joe Biden as the apparent winner of the presidential election and President Trump asked the agencies to begin transition of power.
2️⃣ The risk-tone improved after AstraZeneca announced that the COVID-19 vaccine it has developed in conjunction with the University of Oxford was up to 90% effective in preventing the Coronavirus.
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Technical
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We are buying the AUDUSD at the RBS + above SMA 50 on the H1 chart.
1️⃣ Investors proved optimistic on the latest novel coronavirus vaccine developments as AstraZeneca reported that its virus vaccine was up to 90% effective, cheaper, and easier to distribute than rivals.
2️⃣ The global risk sentiment remained well supported by the optimism over COVID-19 vaccine.
3️⃣ Australia posted a goods trade surplus of A$4,840m in October, with exports lifting 6% while imports added 8%.
USD - BEARISH
1️⃣ Increase in risk appetite after US General Services Administration acknowledged Joe Biden as the apparent winner of the presidential election and President Trump asked the agencies to begin transition of power.
2️⃣ The risk-tone improved after AstraZeneca announced that the COVID-19 vaccine it has developed in conjunction with the University of Oxford was up to 90% effective in preventing the Coronavirus.
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Technical
=====
We are buying the AUDUSD at the RBS + above SMA 50 on the H1 chart.
Trade closed: target reached