AUD - 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.
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Technical
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We are selling the AUDJPY after it breaks previous support.
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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.
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.
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❌ Close Manually at 81.350
-20 PIPS
Risk sentiment turned positive on Friday, weighing on safe-haven currencies.
-20 PIPS
Risk sentiment turned positive on Friday, weighing on safe-haven currencies.