TradingView
Frannel_Franco
May 21, 2018 8:26 PM

Australian Buying Spree and Weaker Yen #aud #forex  Long

AUD/JPYOANDA

Description

Today we saw a break of the minor trendlines, looking to test resistance at 84.50. With a candle this strong it will most likely break that support to continue higher. Australian dollar has risen today against all majors. This may have been due to the US-China Trade Wars and is encouraging South East Asia demand for those dollars (risk on currency AUD), instead of the Japanese Yen (Safe Haven)
More