AUDJPY Daily Outlook – On Thursday the Federal Reserve unveiled the details of the $ 2.3 trillion in programs to help support the economy, while Unemployment claims surged by 6.6 million as coronavirus continues to tackle the U.S. workforce. Canada also lost over a million jobs because of coronavirus. Meanwhile, the Bank of England has agreed to temporarily lend the government money if needed to help finance its massive COVID-19 spending plans.
Welcome to the Tickmill update, I’m Kiana Danial the founder of the Invest Diva movement. Make sure to subscribe to the Tickmill YouTube channel and support us by liking and sharing this video with your forex trading friends.
On Friday we’ll be looking at China’s New Yuan Loans CNY for March, as well as the US CPI.
Today I’m looking at the AUDJPY pair which has been on a strong recovery route ever since it broke above the 4-hour Ichimoku cloud on April 6th, and it tested the 61% Fibonacci retracement level of 68.85 during Friday’s Asian session. We could see a bit of friction here at this resistance, but if the pair breaks above it, doors will be opened for even more gains.
Do you think the pair will break above this level by Monday? Head over to the Comments section and let me know.
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