AUD - BULLISH
1️⃣ The Australian economy was transitioning from recovery to expansion earlier and with more momentum than previously anticipated, minutes of RBA's May monetary policy meeting showed.
2️⃣ Surging commodity prices provided a bid to the Aussie.
JPY - BEARISH
1️⃣ Rallied stock markets could undermine the JPY.
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Technical
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We are looking to buy the AUDJPY at support + above SMA 50 on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
1️⃣ The Australian economy was transitioning from recovery to expansion earlier and with more momentum than previously anticipated, minutes of RBA's May monetary policy meeting showed.
2️⃣ Surging commodity prices provided a bid to the Aussie.
JPY - BEARISH
1️⃣ Rallied stock markets could undermine the JPY.
=====
Technical
=====
We are looking to buy the AUDJPY at support + above SMA 50 on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Trade active:
PENDING ORDER TRIGGERED
Trade closed: stop reached:
❌ TRADE HAS HIT SL
-20 PIPS
Risk-off tone has boosted the safe-haven currencies.
-20 PIPS
Risk-off tone has boosted the safe-haven currencies.