AUD - BULLISH
1️⃣ Risk appetite increased after Moderna Inc said it had applied for US emergency authorization for its COVID-19 vaccine. Moderna’s candidate is the second vaccine likely to win US approval for a potential rollout this year.
2️⃣ Investors also cheered remarks from the RBA saying that domestic economic recovery was under way and recent data has generally been better than expected.
3️⃣ The IHS Markit Manufacturing PMI posted the fifth straight month of expansion and also the highest for nearly three years.
JPY - BEARISH
1️⃣ Japan’s government vowed to compile a stimulus package to help the economy mitigate short-term economic impacts from a recent acceleration in coronavirus infections.
2️⃣ Japan’s unemployment rate inched up to 3.1% in October, the highest since May 2017.
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Technical
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We are looking to buy the AUDJPY at the support of 76.500 on the H1 chart.
1️⃣ Risk appetite increased after Moderna Inc said it had applied for US emergency authorization for its COVID-19 vaccine. Moderna’s candidate is the second vaccine likely to win US approval for a potential rollout this year.
2️⃣ Investors also cheered remarks from the RBA saying that domestic economic recovery was under way and recent data has generally been better than expected.
3️⃣ The IHS Markit Manufacturing PMI posted the fifth straight month of expansion and also the highest for nearly three years.
JPY - BEARISH
1️⃣ Japan’s government vowed to compile a stimulus package to help the economy mitigate short-term economic impacts from a recent acceleration in coronavirus infections.
2️⃣ Japan’s unemployment rate inched up to 3.1% in October, the highest since May 2017.
=====
Technical
=====
We are looking to buy the AUDJPY at the support of 76.500 on the H1 chart.
Order cancelled