AUDJPY - Bearish Bias
AUD - Strong Bearish
1️⃣ RBA minutes indicate that the central bank will keep interest rates at least until 2024.
2️⃣ The RBA expects that there will be an economic contraction in the third quarter, and board members agree that the period of recovery in economic activity will be heavily dependent on the removal of sanctions.
3️⃣ Iron ore prices declined due to concerns about global growth.
4️⃣ Both Manufacturing and Services PMIs in Australia are expected to decline, the impact of the closure in the country.
JPY - Weak Bullish
1️⃣ Investors remain cautious ahead of this week’s FOMC meeting.
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Technical
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We are looking to sell the AUDJPY below the resistance level.
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Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas.
1️⃣ RBA minutes indicate that the central bank will keep interest rates at least until 2024.
2️⃣ The RBA expects that there will be an economic contraction in the third quarter, and board members agree that the period of recovery in economic activity will be heavily dependent on the removal of sanctions.
3️⃣ Iron ore prices declined due to concerns about global growth.
4️⃣ Both Manufacturing and Services PMIs in Australia are expected to decline, the impact of the closure in the country.
JPY - Weak Bullish
1️⃣ Investors remain cautious ahead of this week’s FOMC meeting.
=====
Technical
=====
We are looking to sell the AUDJPY below the resistance level.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas.
Transaction en cours
Trade fermée: ordre d’arrêt atteint
✅ TRADE HAS HIT BE+5 PIPS
The pair spiked after PBoC held its interest rate unchanged in September meeting.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.