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Tag Archives: #audjpy

AUD/JPY struggles to extend channel break, decisive close above 5-dma could see minor upside

 AUD/JPY struggles to extend channel break, decisive close above 5-dma could see minor upside AUD/JPY rejected at session lows at 83.60, hovers around 5-DMA at 84.02. The pair has retraced break below channel base support at 83.60, decisive close below required for further downside. Technical studies support downside in the …

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AUD/JPY hedging vehicles for risk averse and aggressive traders on bearish risk scenarios

 AUD/JPY hedging vehicles for risk averse and aggressive traders on bearish risk scenarios Bearish AUD scenarios: 1) The unemployment rate moves back towards 5.75%, raising risks that the RBA responds to a weakening labour market; 2) The Fed responds to firm labour market outcomes and above-trend growth by delivering a …

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FxWirePro: AUD/JPY breaks 20-dma support at 88.20, on track to test 100-dma at 87.31, stay short

 AUD/JPY breaks 20-dma support at 88.20, on track to test 100-dma at 87.31, stay short AUD/JPY extends downside for 2nd consecutive session, breaks below 20-DMA, bias lower. The Japanese yen buoyed on robust manufacturing PMI data. Japan Jan Nikkei manufacturing PMI flash increased to 54.4 vs previous 54. The pair …

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