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.
3️⃣ Governor Lowe says that that the RBA will not raise its interest rates at least until 2024.
4️⃣ The AUD was also weighed down by weak economic data from China on Wednesday.
USD - Weak Bullish
1️⃣ Risk-off sentiment in the market benefits safe-haven currencies.
2️⃣ Investors remain concerned about the global economic slowdown amid the spread of the Delta variant COVID-19.
3️⃣ US retail sales for August are expected to increase on the back of increased wage growth in the country.
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Technical
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We are selling AUDUSD after it started to the downside.
=====
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.
3️⃣ Governor Lowe says that that the RBA will not raise its interest rates at least until 2024.
4️⃣ The AUD was also weighed down by weak economic data from China on Wednesday.
USD - Weak Bullish
1️⃣ Risk-off sentiment in the market benefits safe-haven currencies.
2️⃣ Investors remain concerned about the global economic slowdown amid the spread of the Delta variant COVID-19.
3️⃣ US retail sales for August are expected to increase on the back of increased wage growth in the country.
=====
Technical
=====
We are selling AUDUSD after it started to the downside.
=====
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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+10 PIPS
Clear orders ahead weekend
+10 PIPS
Clear orders ahead weekend