Even though the australian dollar gained considerable strength against almost all currencies, fundamentally speaking, the RBA made a remark about the australian dollar to be preferred trading around 0.65 against the USD. Technically AUDJPY even though BoJ keeps dovish stances, is at an important confluence point. Trades taken at this point may carry a danger of bad risk/reward ratio.
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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.