Daily Market Analysis 15|04|2020: AUDUSD

Daily Analysis / Online Education

Daily Market Analysis 15|04|2020: AUDUSD

Intraday: Bearish

* Technical Analysis

* Preference: 
A Sell position is envisaged at current price with take profit at 0.63325.

* Alternative scenario: 
A Buy position is envisaged if price trades above 0.63325 with take profit at 0.63444

* Fundamentals:
USD    Core Retail Sales m/m
USD    Retail Sales m/m
USD Empire State Manufacturing Index
USD    Capacity Utilization Rate

Comment: The U.S. dollar rose in Asia on Wednesday as the U.S. Federal Reserve unleashed a massive new lending program overnight Despite the selling pressure surrounding the greenback in the second half of the day, the AUD/USD pair continues to trade aggressively below support and the 50 period moving average.

Analysis: SCRUM Team

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