![AUD/USD is actively sold](/storage/article/13931/preview/61gbf2HwKPJU950X_640x320_q80.webp)
AUD/USD has already substantially declined last week forming a big engulfing candlestick on W1.
AUD/USD has already substantially declined last week forming a big engulfing candlestick on W1.
Last week turned out to be disappointing for the AUD bulls, despite the gap up opening on Monday after the negotiations between the Chinese and US presidents. What are the reasons behind this slide?
The market sentiment improved based on an ease of the trade war tensions between China and the US.
Let’s have a look at the economic calendar.
On the daily chart of AUD/USD, bears managed to move the pair out of the upward channel.
What events this week will bring us
Trading plan for December 3
On a daily chart of AUD/USD, the gap-up of the week occurred.
Let’s get into the fundamental factors which have an impact on the key currencies…
G-20 summit is the headliner of the day. Check how it will affect markets.
AUD/JPY is testing levels above the 50-week MA at 82.79.
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
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