AUD/JPY – Aussie Dollar At Risk of Breakdown Vs Japanese Yen

Key Highlights The Aussie Dollar is struggling against the Japanese Yen and just holding the 86.00 support. There is a steep bearish trend line with resistance at 86.20 forming on the 4-hours chart of AUD/JPY. Japan’s Leading Economic Index for June 2017 posted an increase from the last revised reading of 104.7 to 105.9. Japan’s Coincident Index for June 2017 ...
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AUDJPY – Aussie Dollar Forming Double Top Vs Yen?

Key Highlights The Aussie dollar traded higher this week against the Japanese yen, but faces resistance near 87.50-70. The AUDJPY pair is likely forming a double top near 87.50, but there is a chance of a break higher as well. Today, the Australian Westpac Consumer Confidence released by the Faculty of Economics and Commerce Melbourne Institute posted an increase fro...
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AUDJPY – Aussie Dollar Establishing Downtrend Vs Japanese Yen

AUDJPY – Aussie Dollar Establishing Downtrend Vs Japanese Yen Key Highlights The Aussie dollar traded sharply lower against the Japanese yen, and broke the 86.00 support. There was a crucial bullish trend line on the 4-hours chart of AUDJPY, which was broken at 85.80 to ignite a downside move. In Australia today, the minutes of the Reserve Bank of Australia meetin...
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AUDJPY – Aussie Dollar Looking For New High Vs Japanese Yen

AUDJPY – Aussie Dollar Looking For New High Vs Japanese Yen Key Highlights The Aussie dollar climbed above the 82.00 resistance against the Japanese yen to clear the way for more gains. There is a major bullish trend line formed on the 4-hours chart of AUDJPY, which may act as support on the downside at 81.50. Recently, the pair broke a bearish trend line on the s...
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AUDJPY – Can Aussie Dollar Overcome The 80.00 Resistance?

AUDJPY – Can Aussie Dollar Overcome The 80.00 Resistance? Key Highlights The Aussie dollar is currently trading in range against the Japanese yen, and facing monster resistance near 80.00. The hourly chart of the AUDJPY pair clearly shows how important is the 80.00 resistance. A break and close above the stated resistance may call for more gains in the near term. ...
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AUDJPY – Buy Aussie Dollar Vs Japanese Yen Post Employment Report?

AUDJPY – Buy Aussie Dollar Vs Japanese Yen Post Employment Report? Key Highlights The Aussie dollar after trading as high as 80.02 against the Japanese yen started correcting lower. There is a crucial bullish trend line formed on the 4-hours chart of AUDJPY, which may act as a support around 78.80. Today, the Australian Employment Change released by the Australian...
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AUDJPY – Aussie Dollar Remain Range Bound Vs Japanese Yen

AUDJPY – Aussie Dollar Remain Range Bound Vs Japanese Yen Key Highlights The Aussie dollar after dropping towards 76.00 against the Japanese yen recovered. However, the AUDJPY pair remained in a range formed on the 4-hours chart. In Australia, there was a speech by the RBA Assist Gov Edey, which made no major impact on the AUD. In China, the MNI China Business ...
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AUDJPY – Aussie Dollar Trend Overwhelmingly Bearish Vs Japanese Yen

AUDJPY – Aussie Dollar Trend Overwhelmingly Bearish Vs Japanese Yen Key Highlights The Aussie dollar after a solid uptrend versus the Japanese yen, started moving down sharply. There was a monster bullish trend line formed on the hourly chart of the AUDJPY pair, which was broken during the recent downside move. Today in Australia, the Gross Domestic Product was re...
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AUDJPY – Aussie Dollar Looks Poised For Further Declines

AUDJPY – Aussie Dollar Looks Poised For Further Declines Key Highlights The Aussie dollar was crushed recently versus the Japanese yen, as the AUDJPY pair traded below 77.00. Can it test 76.00? There was a bearish trend line formed on the hourly chart of the AUDJPY pair, which was acting as a downside move catalyst. In Australia, the Retail Sales released by the A...
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AUDJPY – Double Top In Making For Aussie Dollar?

AUDJPY – Double Top In Making For Aussie Dollar? Key Highlights The Aussie dollar traded higher against the Japanese yen, but facing a major resistance on the upside. There is also likely a double top pattern forming on the 4-hours chart of the AUDJPY pair. Today in Australia, the Westpac Leading Index was released by the Melbourne Institute. The market was not...
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