In China, the lockdown of the Wuhan area has been lifted and people already started going back to work. Share prices in Asia have stabilized but don’t look like the start of a bullish move as the upside looks seemingly capped for now.
As the economy in China slowly resumes, we might also see a rebound in the aussie. The currency had been beaten down and we might see the AUD increasing further especially against the USD for now.
We bought at 0.6180 with SL at 0.6065 and TP at 0.6325.