AUD - BULLISH
1️⃣ Optimism that the new US administration would pass a promised $1.9 trillion in fiscal aid. Locally, sentiment was lifted as the Therapeutic Goods Administration, the country’s medical regulator, provisionally approved the Pfizer COVID-19 vaccine for use in Australia.
2️⃣ Positive risk tone support the antipodeans.
JPY - BEARISH
1️⃣ Traders weighed the prospects of US President Joe Biden’s previously announced US$1.9T fiscal stimulus package after facing blowback from lawmakers, some of whom pushed for a smaller plan targeting vaccine distribution.
2️⃣ The risk-on tone weighing on the safe-havens JPY.
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Technical
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We are buying the AUDJPY at support + above SMA 50 on the H1 chart.
1️⃣ Optimism that the new US administration would pass a promised $1.9 trillion in fiscal aid. Locally, sentiment was lifted as the Therapeutic Goods Administration, the country’s medical regulator, provisionally approved the Pfizer COVID-19 vaccine for use in Australia.
2️⃣ Positive risk tone support the antipodeans.
JPY - BEARISH
1️⃣ Traders weighed the prospects of US President Joe Biden’s previously announced US$1.9T fiscal stimulus package after facing blowback from lawmakers, some of whom pushed for a smaller plan targeting vaccine distribution.
2️⃣ The risk-on tone weighing on the safe-havens JPY.
=====
Technical
=====
We are buying the AUDJPY at support + above SMA 50 on the H1 chart.
Trade active
Trade closed: stop reached:
❌ TRADE HAS HIT STOP LOSS
-30 PIPS
-30 PIPS