Hello guys,
This i see a strong sell on audjpy. The aud has been weak as a result of the corona virus. This weakness will continue until the corona virus is contained or we get a medical breakthrough by scientist that are studying the virus. Even though the aud has had good economic data, most of their demand domes from china and with cities being shut down and many people scared to shop this will keep melting aud .I see investors rushing their money to jpy and other safe havens such as chf and gold. I am looking for a break of support or a test of resistance and that will offer a good risk reward byut this is a high probability trade.
This i see a strong sell on audjpy. The aud has been weak as a result of the corona virus. This weakness will continue until the corona virus is contained or we get a medical breakthrough by scientist that are studying the virus. Even though the aud has had good economic data, most of their demand domes from china and with cities being shut down and many people scared to shop this will keep melting aud .I see investors rushing their money to jpy and other safe havens such as chf and gold. I am looking for a break of support or a test of resistance and that will offer a good risk reward byut this is a high probability trade.