We had a short view on AUDUSD
up until recently when the currency pair crashed and dropped towards 0.55. However, AUDUSD
has since rebounded and we this as an opportunity to take a short view due to the worsening coronavirus situation and it's impact
on the global economy. This is despite the RBA indicating in minutes earlier today that there be no additional rate cuts therefore we have a short view but would not want the currency pair to consolidate above key resistance above 0.622 at this stage.