Audusd has bearish vibes

19 ביוני 2020

Price is down⬇️. Sentiment is down⬇️. Message volume is down⬇️. Looking at the pair AUDUSD we can easily see that we are on a bearish trend📉. The Aussie should is taking a hit after posting the highest unemployment rates seen in 19 years↗️. The Aussie also saw double than the expected already negative employment change yesterday✖️2️⃣; and also posted a higher than expected unemployment rate. It’s been a pretty rough week for the Aussie. So we’re looking forward to the retail news that’ll be coming out at 9:30 🕣to see if they will get any good news to start adding a little faith back in the Aussie. On the other hand, the US has been having a strong week fundamentally. There’s been a lot of shakiness in the stock market 📈📉📈📊but overall so far its been showing some type of strength and resiliency. The US did see higher ⬆️⬆️than expected unemployment claims today but not too far off than what was expected. With more and more news 🗞📰🗞📰 all but confirming a second round of “stimulus” checks💵💸 we can expect the US dollar to continue to show moderate strength. With all that being said, I’d expect price to continue to move down. 📉🔽⬇️⤵️⤵️