Short AUDJPY
This parity is technically a downtrend. It has been descending since 2007 and it has just touched the down trendline that supports this move. And it has broken out of a short-term triangle. It still needs to be confirmed on a Daily Chart
200 Moving Averages: Bull W, D
Low H4 RSI
Just contacted a Daily trendline, and it just broke down off a triangle.
Trend: the two short-term MA’S are bearish, and still can go below the Daily average.
Risks:
May still go higher for the Weekly trendline. (Prepare a Sell Limit)
AUD Interest rate decision Monday
AUD Monetary Policy statement Thursday
200 Moving Averages: Bull W, D
Low H4 RSI
Just contacted a Daily trendline, and it just broke down off a triangle.
Trend: the two short-term MA’S are bearish, and still can go below the Daily average.
Risks:
May still go higher for the Weekly trendline. (Prepare a Sell Limit)
AUD Interest rate decision Monday
AUD Monetary Policy statement Thursday
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.