AUD/JPY a key risk barometer to watch over the next few sessions

BY admin admin

AUD/JPY is testing daily resistance from the December 2019 high
The pair rose in trading yesterday to test daily resistance from the December 2019 high @ 76.55 but ultimately failed to breach that level ahead of the close. The resistance level highlighted also limited gains back in June as seen in the chart above.

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Forex

The USDCAD remains below the 100 hour MA and trend line. Sellers remain in control.

Bears remain in control as the pair consolidates at the lows The USDCAD has been consolidating at the lows over the last few days. The lows have been random between 1.3330 and 1.13350 (the low today w

Forex

Japan’s Matsuno: Watching FX moves with high sense of urgency

Japan Chief Cabinet Secretary, Hirokazu Matsuno, said on Wednesday, he is “watching FX moves with a high sense of urgency.” Additional quotes Sharp FX

Forex

USD/JPY Key Resistance At 108.10

<p>Pivot (invalidation): 108.10 Our preference Short positions below 108.10 with targets at 107.25 & 106.90 in extension. Alternative scenario Above 108.10 look for further upside with 108.

Copyright © 2024 | WordPress Theme: Xews Lite