AUDJPY bearish, chances of rate cuts by RBA|Fundamental Analysis
Due to the ongoing trade war, AUD is overall bearish this week. This may result in rate cuts by RBA tomorrow which will weaken the AUD even more.
JPY, on the other hand, tends to benefit from the ongoing trade war and will remain the safe-haven currency.
We can also see a triangle pattern and consolidation on the pair which may lead to an even bigger fall.
JPY, on the other hand, tends to benefit from the ongoing trade war and will remain the safe-haven currency.
We can also see a triangle pattern and consolidation on the pair which may lead to an even bigger fall.
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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.