Sa41FX

commodity currencies analysis for long term

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
Market outlook for 8/6//2020-12/6/2020 :

* This week aud currency overall market reacted positively towards the Fed’s QE program.
* No catalyst for pullback,market bias positive this week but ....
*Coronavirus would see further risk on flow :)



Comment: next week technical analysis bias to berish to nearest significant level .
Trade active: -Minutes meeting information RBA QE program progressing. The RBA has not bought bonds since may despite yields.
- Australian PM Morrison says virus will slash A$100bn from economy.
-government will have a record deficit this year and next (forexlive source)

So my analysis still bias to bearish to next significant level (0.65936)

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