AUD - BULLISH
1️⃣ Investors await comments from Treasury Secretary nominee Janet Yellen on US stimulus and the dollar.
2️⃣ Positive risk tone support the antipodeans.
3️⃣ Australia's new home sales posted the second strongest pace of rise in the 20 years of the survey in December, leading to a 32.5% jump for the whole of 2020.
USD - BEARISH
1️⃣ A general increase in risk sentiment, and as investors await Janet Yellen's Senate confirmation hearing later in the day for further clarity on policies of the new US administration.
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Technical
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We are buying the AUDUSD on the support + SMA 50 on the H1 chart.
1️⃣ Investors await comments from Treasury Secretary nominee Janet Yellen on US stimulus and the dollar.
2️⃣ Positive risk tone support the antipodeans.
3️⃣ Australia's new home sales posted the second strongest pace of rise in the 20 years of the survey in December, leading to a 32.5% jump for the whole of 2020.
USD - BEARISH
1️⃣ A general increase in risk sentiment, and as investors await Janet Yellen's Senate confirmation hearing later in the day for further clarity on policies of the new US administration.
=====
Technical
=====
We are buying the AUDUSD on the support + SMA 50 on the H1 chart.
Trade active
Trade closed: target reached:
✅ TRADE HAS HIT TP
+30 PIPS
+30 PIPS