AUD/USD Update

١٦ أبريل ٢٠٢٠

AUD Employment Change 5.9K
AUD Jobless Rate 5.2%

Currently, the AUD data shows a good sign for Bulls, and we still waiting for the US Jobless claims data in the next 4 hours.
So far it rejected the 38.20% Fib retracement. I agree on the H4 trendline looks like a breakout, but once again, the US Jobless claims data could be a strong catalyst to push gold further to make a new high.

My sentiment remains bullish, and the final potential target is at 0.66416

PS: This analysis fails if it breakout and close below 0.62637

١٦ أبريل ٢٠٢٠

تم فتح الصفقة

US Jobless claims 5245K

٢٠ أبريل ٢٠٢٠

تم فتح الصفقة

Nice breakout on M15

٢١ أبريل ٢٠٢٠

تم فتح الصفقة

Price action doesn't look so good, and here are quotes from the dailyfx
RBA
- The central bank will keep doing what is necessary to meet the 3-year yield goal
- GDP could significantly fall in the second quarter and remain subdued in Q3
- Risks in commercial property warrants close monitoring
(BBG)

Currently waiting for RBA Gov Lowe Speaks at 10pm PST

٢١ أبريل ٢٠٢٠

تم فتح الصفقة

The trade fails if it breakout and close below the support

Chart update:

٢١ أبريل ٢٠٢٠

تم فتح الصفقة

RBA Governor Lowe:

- Likely that Y/Y inflation will be negative in Q2
- Not seeing signs of any stress in the Australian financial system
- Will have low-interest rates for a very long time