Market Analysis of AUDJPY on Tuesday 29 August 2023

2023-08-29 16:25Source:BtcDana

AUDJPY TECHNICAL ANALYSIS SHORT TERM VIEW     

    AUDJPY has strong support 93 to 94.65 levels and overall stop loss for upside trend is 91.65 levels.It can jump upside for 99 and 106 levels without touch n91.65 levels .Intraday purpose we can buy with stop loss 91.65 for upside direction for 94.65 , 94.90 and 95.20 targets respectively.It has made complex correction from 97.69 levels so in short term it can jump firstly for 97.69 target.

 QUICK FUNDAMENTAL LOOK                                                                     

The Australian dollar is looking for positive catalysts as it attempts to recoup some of its recent losses ahead of key Australian inflation data due Wednesday.Australia's CPI moderated to 5.2% on-year in July from 5.4% previously.

 POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.

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