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tradingconmike
Jan 10, 2024 12:03 AM

AUDJPY → Stays below 97.00 Short

Australian Dollar/Japanese YenFXCM

Description

- AUD/JPY's continued downtrend reflects risk-off mood and strength in safe-haven currencies, falling 0.32% on Tuesday.

- Market focus on upcoming US inflation data, with implications for Fed's rate path and broader market sentiment.

- Technical analysis suggests neutral bias; key levels to watch include resistance at 97.00 and support at 96.14 and 96.00.
Comments
TheFxAce
Your insights into potential market declines are timely and relevant.
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