AUD - BULLISH
1️⃣ Investors cheered the Australian government’s expansionary federal budget.
2️⃣ Stock futures in the US traded sharply higher on Wednesday, reversing from a big plunge in the previous session, as Trump hints at more stimulus for airlines and the Paycheck Protection Program.
JPY - BEARISH
1️⃣ Sentiment for the safe haven Yen eased as Bank of Japan Governor Haruhiko Kuroda noted that the downturn in Asia's economic conditions due to the COVID-19 crisis has been moderate, compared with other regions, partly due to solid global demand for IT-related goods produced in the region.
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TECHNICAL
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- We're looking to long AUDJPY on RBS level + fibo retracement 61.8% area on H1 chart.
- AUDJPY turns to bullish mode.
1️⃣ Investors cheered the Australian government’s expansionary federal budget.
2️⃣ Stock futures in the US traded sharply higher on Wednesday, reversing from a big plunge in the previous session, as Trump hints at more stimulus for airlines and the Paycheck Protection Program.
JPY - BEARISH
1️⃣ Sentiment for the safe haven Yen eased as Bank of Japan Governor Haruhiko Kuroda noted that the downturn in Asia's economic conditions due to the COVID-19 crisis has been moderate, compared with other regions, partly due to solid global demand for IT-related goods produced in the region.
=====
TECHNICAL
=====
- We're looking to long AUDJPY on RBS level + fibo retracement 61.8% area on H1 chart.
- AUDJPY turns to bullish mode.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.