AUD - BULLISH 1️⃣ Investors proved optimistic on the prospects of faster growth, while local bond yields stabilized after their run-up on inflation concerns. The yield on Australia’s 10-year government bond eased from yearly highs to 1.574% while US 10-year yields similarly eased to 1.362%. 2️⃣ The House Budget Committee approved Monday a US$1.92 trillion bill to carry out President Joe Biden’s coronavirus relief plan, the first step toward likely House passage by the end of the week.
USD - BEARISH 1️⃣ Higher US Treasury yields failed to offer lasting support. 2️⃣ A large budget and current account deficits have made the US currency an increasingly unattractive investment. 3️⃣ Biden and his Democrat-controlled Congress are due to roll out massive spending plans that include extra $1,400 checks for most Americans.
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We are looking to buy the AUDUSD at RBS + above SMA 50 on the H1 chart.
Order cancelled
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DELETE PENDING ORDER
Clear the pending order ahead Fed Chair Powell Testifies. The speech could turns the market.