Skip to content 
Instrument: AUDUSD
Intraday: BULLISH
Technical Analysis
Preference:
Buy position is envisaged if price trades above 0.71568 with take profit at key level 0.71801.
Alternative scenario:
Sell if price trades below 0.71276 with take profit at 0.71101.
Fundamentals:
Annual Budget Release (AUD) 9:30 pm
Fed Chair Powell Speaks (USD) 3:40 pm
Comment: The instrument closed bullish yesterday, despite the positive news from the US showing that ISM service PMI showing better forecast than the estimate. Today we have seen the that the RBA rate has not been change but from the US side we have seen congress stall the stimulus package, this has made investors dovish on the dollar, but a possibility of the democrats winning the senate and presidency would send a bullish sentiment to the market.
Analysis: SCRUM Team
