AUDUSD uncertainty

15 thg 6, 2020

With protests and covid fears taking place in both the United States and Australia, as well as the stock market connected to each currency plunging recently, we can lean more towards the side of a sell. We are seemingly in a state of consolidation right now but another retest of our 0.70000 James Bond Area doesn't seem too likely. Jobless rates in the US will stay elevated. Increasing turmoil between Australia and China also points to a drastic drop in the price. With a lot of fundamental pressure this week, I'm excited to see how price will maneuver in the upcoming days. Price, market sentiment, and message volume are all down with this pair.