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Audjpyshort

AUDJPY - Bearish BiasAUD - Strong Bearish 1️⃣ RBA minutes indicate that the central bank will keep interest rates at least until 2024. 2️⃣ The RBA expects that there will be an economic contraction in the third quarter, and board members agree that the period of recovery in economic activity will be heavily dependent on the removal of sanctions. 3️⃣ Iron ore prices declined due to concerns about global growth. 4️⃣ Both Manufacturing and Services PMIs in Australia are expected to decline, the impact of the closure in the country. JPY - Weak Bullish 1️⃣ Investors remain cautious ahead of this week’s FOMC meeting. ===== Technical ===== We are looking to sell the AUDJPY below the resistance level. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction. Don't forget to like, comment, and subscribe for more ideas.
Short
by MonsunAsia
2
AUDJPY - Bearish BiasAUD - Strong Bearish 1️⃣ Risk-off sentiment in the market led to sales in high-beta currencies such as the AUD. 2️⃣ The RBA voiced concern over economic growth in the 3rd quarter as a result of the COVID-19 outbreak in Australia. JPY - Weak Bullish 1️⃣ Investor concerns about the spread of coronavirus sparked demand for safe-haven currencies. ===== Technical ===== We are selling the AUDJPY after it breaks previous support. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction. Don't forget to like, comment, and subscribe for more ideas.
Short
by MonsunAsia