commodity currencies analysis for long term

Market outlook for 8/6//2020-12/6/2020 :

* This week aud currency overall market reacted positively towards the Fed’s QE program.
* No catalyst for pullback,market bias positive this week but ....
*Coronavirus would see further risk on flow :)

Comentário:

next week technical analysis bias to berish to nearest significant level .

Trade ativo:

-Minutes meeting information RBA QE program progressing. The RBA has not bought bonds since may despite yields.
- Australian PM Morrison says virus will slash A$100bn from economy.
-government will have a record deficit this year and next (forexlive source)

So my analysis still bias to bearish to next significant level (0.65936)