AUDUSD SHORT
1) Price at long standing area of resistance
2) Weaker than expected AUS jobs report
3) RBA highlights uncertainty impacting growth and investment
4) Melbourne enters 2nd lockdown
6) Australia announces it will act as a haven for Hong Kong citizens - AUD/China tension will weigh more than USA/CHINA relations due to proximity / relative AUD weakness vs US
7) AUD resource based economy will always suffer when global demand falls
NB - While I am looking for shorts, I will await price action confirmation
1) Price at long standing area of resistance
2) Weaker than expected AUS jobs report
3) RBA highlights uncertainty impacting growth and investment
4) Melbourne enters 2nd lockdown
6) Australia announces it will act as a haven for Hong Kong citizens - AUD/China tension will weigh more than USA/CHINA relations due to proximity / relative AUD weakness vs US
7) AUD resource based economy will always suffer when global demand falls
NB - While I am looking for shorts, I will await price action confirmation
Comment:
We can see short term price rejection around 0.7004 - looking for shorts around here
Comment:
We are still waiting to trade this - not seen enough price action to warrant a short just yet