AUD - BULLISH
1️⃣ Sentiment for the US Dollar cooled on expectations that incoming Biden administration would ramp up US distribution of coronavirus vaccines and spend big on more stimulus, which will contribute to a global economic recovery and increased demand for commodities.
2️⃣ The job vacancies in the Australia surged 23.4% to hit an all-time high in the November quarter as the economy continues its post-covid recovery.
USD - BEARISH
1️⃣ Two Fed officials eased speculation that asset purchases could be tapered soon.
2️⃣ US 10-year Treasury yields fell to 1.11% on Wednesday, snapping a seven-day streak of rises, as the Treasury Department's $38 billion sale of benchmark 10-year notes saw strong demand from traders covering short positions.
3️⃣ Investors moved away from the US Dollar as weak jobs data weakened investor sentiment.
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Technical
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We are looking to buy the AUDUSD RBS + above SMA 50 on the H1 chart.
1️⃣ Sentiment for the US Dollar cooled on expectations that incoming Biden administration would ramp up US distribution of coronavirus vaccines and spend big on more stimulus, which will contribute to a global economic recovery and increased demand for commodities.
2️⃣ The job vacancies in the Australia surged 23.4% to hit an all-time high in the November quarter as the economy continues its post-covid recovery.
USD - BEARISH
1️⃣ Two Fed officials eased speculation that asset purchases could be tapered soon.
2️⃣ US 10-year Treasury yields fell to 1.11% on Wednesday, snapping a seven-day streak of rises, as the Treasury Department's $38 billion sale of benchmark 10-year notes saw strong demand from traders covering short positions.
3️⃣ Investors moved away from the US Dollar as weak jobs data weakened investor sentiment.
=====
Technical
=====
We are looking to buy the AUDUSD RBS + above SMA 50 on the H1 chart.
Trade active:
PENDING ORDER TRIGGERED
Trade closed: target reached:
✅ TRADE HAS HIT TP
+30 PIPS
+30 PIPS