AUD - BULLISH
1️⃣ The Westpac-Melbourne Institute Index of Consumer Sentiment increased by 2.6% in March, a near 10-year high driven by improving economic conditions and prospects, both domestically and abroad.
2️⃣ The risk-on mood benefitted the AUD.
JPY - BEARISH
1️⃣ The passage of US President Joe Biden’s coronavirus relief package boosted optimism in the US economic recovery.
2️⃣ Positive risk tone weighing on the safe-haven JPY.
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Technical
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We are looking to buy the AUDJPY at support + above SMA 50 on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
1️⃣ The Westpac-Melbourne Institute Index of Consumer Sentiment increased by 2.6% in March, a near 10-year high driven by improving economic conditions and prospects, both domestically and abroad.
2️⃣ The risk-on mood benefitted the AUD.
JPY - BEARISH
1️⃣ The passage of US President Joe Biden’s coronavirus relief package boosted optimism in the US economic recovery.
2️⃣ Positive risk tone weighing on the safe-haven JPY.
=====
Technical
=====
We are looking to buy the AUDJPY at support + above SMA 50 on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Order cancelled
DELETE PENDING ORDERMarket are so much volatile.
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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.