AUD - BEARISH
1️⃣ Investors moved into the Greenback amid prospects of faster economic recovery as President Joe Biden on Wednesday announced a US$2.25 trillion infrastructure plan over an 8-year period including $621 billion for transportation and $580 billion for manufacturing.
2️⃣ Retail sales in Australia declined by 0.8% month-over-month in February 2021.
USD - BULLISH
1️⃣ Investors continue to bet on a strong economic recovery amid further fiscal stimulus and coronavirus vaccination.
2️⃣ US President Biden announced a $2.25 trillion package, the second major stimulus plan after the $1.9 trillion bill.
3️⃣ US ISM manufacturing PMI is set to rise as US stimulus package could boost the activity.
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Technical
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We are looking to sell the AUDUSD at SBR + below 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 Investors moved into the Greenback amid prospects of faster economic recovery as President Joe Biden on Wednesday announced a US$2.25 trillion infrastructure plan over an 8-year period including $621 billion for transportation and $580 billion for manufacturing.
2️⃣ Retail sales in Australia declined by 0.8% month-over-month in February 2021.
USD - BULLISH
1️⃣ Investors continue to bet on a strong economic recovery amid further fiscal stimulus and coronavirus vaccination.
2️⃣ US President Biden announced a $2.25 trillion package, the second major stimulus plan after the $1.9 trillion bill.
3️⃣ US ISM manufacturing PMI is set to rise as US stimulus package could boost the activity.
=====
Technical
=====
We are looking to sell the AUDUSD at SBR + below SMA 50 on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
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