AUDUSD - Bearish Bias

1 Nis 2021

AUD - BEARISH
1️⃣ Investors moved into the Greenback amid prospects of faster economic recovery as President Joe Biden on Wednesday announced a US$2.25 trillion infrastructure plan over an 8-year period including $621 billion for transportation and $580 billion for manufacturing.
2️⃣ Retail sales in Australia declined by 0.8% month-over-month in February 2021.

USD - BULLISH
1️⃣ Investors continue to bet on a strong economic recovery amid further fiscal stimulus and coronavirus vaccination.
2️⃣ US President Biden announced a $2.25 trillion package, the second major stimulus plan after the $1.9 trillion bill.
3️⃣ US ISM manufacturing PMI is set to rise as US stimulus package could boost the activity.

=====
Technical
=====

We are looking to sell the AUDUSD at SBR + below SMA 50 on the H1 chart.

=====
Risk to this trade
=====

Any change in sentiment could turn the pair's direction.

1 Nis 2021

Emir iptal

DELETE PENDING ORDER