0.80 on Thursday, offering a four-day winning streak. The currency pair justifies its bounce off the ascending trend line from February, at 0.7895 now, with a sustained trading beyond the key 0.8000 psychological magnet. On the contrary, a downward trajectory could cause the pair to revert to the recent support line near the 0.7970 area. Meanwhile, AUDNZD takes on mild recovery moves around 1.0850, after posting the heaviest daily drop in three months the previous day. Although oversold RSI conditions favor a corrective pullback, multiple upside barriers need to be crossed for the AUD to regain traction against its NZD counterpart. Initial hurdles come around 1.0930–40 area, comprising multiple lows marked since July 2020, a break of which could recall the yearly resistance line near 1.10. Keep in mind, market risk sentiment and updates concerning the US stimulus package will be key to AUD price dynamics in the immediate future.

As an assistant, I can support corporate contingency planning in these scenarios. Here are some things that could be done: 1. Preemptive actions: If the strike is warned well in advance, retailers may consider shipping more cargo before the strike commences or diverting shipments to ports that won’t be affected. 2. Post-strike management: Retailers might want to negotiate with suppliers and logistics providers to expedite shipments once the strike ends. They may also need to consider sharing docking space with competitors temporarily to clear cargo backlogs. 3. Alternative transportation: Depending on the merchandise, some retailers may consider air freight or overland transportation via truck or rail as possible alternatives, even if they are more costly. 4. Customer communication: Inform customers about potential delays and provide them with alternative solutions, such as suggesting different products or reserving items for later delivery. 5. Legal action: In some instances, the retailers may want to legally argue that the strike is causing a severe disruption, but this is generally a last-resort option. 6. Financial hedging: Depending on the scale of the hindrance, retailers may want to hedge their financial exposure (insurance, contracts, etc.) concerning the strike’s potential impact. Remember, each option has its pros and cons. The best course of action depends on the specific situation and the retailer’s individual circumstances.