It appears there is weakness developing in all AUD pairs at the moment. The AUDJPY pair is starting to look promising for a shorting opportunity as we have a counter trend pull back to Daily resistance which is in the form of a key line, downward trend line and daily 50 ema!
We also have a nice Daily high test candle to support this rejection and a minor double top formation on the daily chart.
I have also provided analysis on the 1 hour chart here:
The 1 hour chart still requires deceleration and more time needs to pass to confirm a possible upcoming reversal in this market.
We also have a nice Daily high test candle to support this rejection and a minor double top formation on the daily chart.
I have also provided analysis on the 1 hour chart here:
The 1 hour chart still requires deceleration and more time needs to pass to confirm a possible upcoming reversal in this market.