Hi traders, as you see price is forming bearish flag on 1h, so watch price to push lower. It may push bit higher, before it will drop, but i will wait for breakout. This pair is showing nice potencial for downside move, becouse JPY index is gaining strenght and will push higher, while AUD index is loosing momentum and will drop so that should move this pair nicely to the downside. Stay patient!
Note
As you see price is moving inside ascending channel, and i expect price to push lower atleast to retest that trendline, but it may go even lowerNote
As you see fibonaci is showing that price can easily push higher, so watch price around 83.80 (0.618) and if that wont be respected that we might see 84.30 (0.786), remember stay patient!
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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.