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