TradingView
trisperon
Mar 14, 2016 6:36 PM

Caution with AUDJPY 

Australian Dollar/Japanese YenFXCM

Description

Even though the australian dollar gained considerable strength against almost all currencies, fundamentally speaking, the RBA made a remark about the australian dollar to be preferred trading around 0.65 against the USD. Technically AUDJPY even though BoJ keeps dovish stances, is at an important confluence point. Trades taken at this point may carry a danger of bad risk/reward ratio.
More