Hey Traders, in the coming week we are monitoring AUDJPY for a buying opportunity around 91.700 zone, AUDJPY was trading in a downtrend and successfully managed to break it out. Currently AUDJPY is in a correction phase in which it is approaching the retrace zone at 91.700 support zone. Fundamentally with current inflation issues in Australia further rate hikes are expected from RBA which should trigger AUD strength.
Trade safe, Joe.
Trade safe, Joe.
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