Daily Market Analysis 09|04|2020: AUDUSD

Intraday: Bullish

* Technical analysis: 
Buy at current market price and set your TP at 0.62473.

* Alternative scenario: Sell if price trade below the 21PMA at price level 0.62171 setting your TP at 0.61910.

* Fundamentals:
Unemployment claims
FOMC speech
Bank holiday in Australia.

Comment:
The Aussie received a boost from the news that stated that Australian parliament passed a record A$130 billion ($80 billion) jobs-rescue plan yesterday. That will help around 6million workers stay in a job.
As for news on the dollar side, I don’t think the unemployment claims will come out any better as the COVID-19 pandemic is really hitting the US badly.

Analysis: SCRUM Team