With the most recent lockdown extension in Australia that happened over the weekend and a well overbought stock market, it shouldn't be much of a surprise to see this pair drop. As we know, when equities go, one of the major currencies that obtains the most attraction is the Yen in a risk-off environment.
With that said, we have several downside targets to aim for along with a pending sell limit order in the event this pair decides to shove off the Yen for a bit.
With that said, we have several downside targets to aim for along with a pending sell limit order in the event this pair decides to shove off the Yen for a bit.