commodity currencies analysis for long term
Aggiornato
Market outlook for 8/6//2020-12/6/2020 :
* This week aud currency overall market reacted positively towards the Fed’s QE program.
* No catalyst for pullback,market bias positive this week but ....
*Coronavirus would see further risk on flow :)
* This week aud currency overall market reacted positively towards the Fed’s QE program.
* No catalyst for pullback,market bias positive this week but ....
*Coronavirus would see further risk on flow :)
Nota
next week technical analysis bias to berish to nearest significant level .Trade attivo
-Minutes meeting information RBA QE program progressing. The RBA has not bought bonds since may despite yields.- Australian PM Morrison says virus will slash A100bn from economy.
-government will have a record deficit this year and next (forexlive source)
So my analysis still bias to bearish to next significant level (0.65936)
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