* 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
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next week technical analysis bias to berish to nearest significant level .
Trade active
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-Minutes meeting information RBA QE program progressing. The RBA has not bought bonds since may despite yields. - Australian PM Morrison says virus will slash A100bn 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)