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Market Focus: AUDUSD – AUDJPY

jeffriess
พฤษภาคม 5, 2020
by Joseph Jeffriess, Market Analyst

In today’s video report, we look at the AUDUSD and AUDJPY. Are new continuations starting to confirm after today’s RBA rate decision met expectations? Price continues to build on the support and hold as we saw yesterday. Both markets remain in a continuation phase for now but we are watching to see what happens to this current rally and if it forms a new lower high. This is slightly more important on the AUDJPY as it did break its medium-term trend.

We also have a recap of Gold from yesterday’s report, price did hit a gain of over 15$ last night but that move was faded in the NY session. Buyers are active at this stage and we would like to see price make a solid close higher to confirm buyer commitment. Finally, we take a look at some of the CFD indexes and how they have performed so far today. Things have been positive on the ASX200 and the US30 holds a 0.86 gain.

Market Analysis Video

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