AUDUSD bearish đŁâżď¸
đđ˘ Price is downâŹď¸. Sentiment is downâŹď¸. Message volume is downâŹď¸. Looking at the pair AUDUSD we can easily see that we are on a bearish trendđ. The Aussie should is taking a hit after posting the highest unemployment rates seen in 19 yearsâď¸. The Aussie also saw double than the expected already negative employment change yesterdayâď¸2ď¸âŁ; and also posted a higher than expected unemployment rate. Itâs been a pretty rough week for the Aussie. So weâre looking forward to the retail news thatâll be coming out at 9:30 đŁto see if they will get any good news to start adding a little faith back in the Aussie. On the other hand, the US has been having a strong week fundamentally. Thereâs been a lot of shakiness in the stock market đđđđbut overall so far its been showing some type of strength and resiliency. The US did see higher âŹď¸âŹď¸than expected unemployment claims today but not too far off than what was expected. With more and more news đđ°đđ° all but confirming a second round of âstimulusâ checksđľđ¸ we can expect the US dollar to continue to show moderate strength. With all that being said, Iâd expect price to continue to move down. đđ˝âŹď¸â¤ľď¸â¤ľď¸
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