AUD – BEARISH
1️⃣ Investors tempered hopes for the quick passage of $1.9 trillion in US stimulus as markets priced in comments from Senate Majority Leader Chuck Schumer that the bill may not be pushed through until mid-March.
2️⃣ The negative risk tone weighing on the antipodeans.
JPY – BULLISH
1️⃣ Japan’s House of Representatives looks set to approve a third supplementary budget for fiscal 2020 totaling 19.18 trillion yen (US$185 billion) to fund additional government measures to counter the novel coronavirus pandemic.
2️⃣ The risk-off tone support the safe-havens JPY.
We are selling the AUDJPY at the resistance of 80.00 + below SMA 50 on the H1 chart.
Update for AUDJPY
❌ TRADE HAS HIT STOP LOSS
🔘 Risk aversion sentiment eased after the IMF revised higher its 2021 growth projections for the global economy.
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