Last week was a very big week for the AUD.
The AUD is considered as a high-beta currency which means it is highly correlated to the overall risk tone in the markets.
When markets are positive, the AUD is usually supported, and if the market is negative, the AUD is usually pressured.
Last week, there was a breakthrough in the US/China trade talks with the announcement of a phase 1 deal between the two sides.
Due to the positive risk tone from this development the AUDJPY pair rallies over 200 pips last week alone.
We have important employment number due for the AUD this week.
Can the AUD keep up the gains?
We made this short week ahead video to help you prepare.
Highlights of the video:
00:43 – Baseline context for the AUD
02:11 – Baseline expectations for the upcoming risk event
04:12 – Possible sentiment shifts
06:02 – Possible currency pairs to consider
07:09 – Learn more about phase one and two sentiment shifts