Market Analysis of AUDJPY on Thursday 12 October 2023

2023-10-12 12:49Source:BtcDana

AUDJPY TECHNICAL ANALYSIS SHORT TERM VIEW                                                         AUDJPY has strong support  94.65 to 93 levels and it can rise towards  towards 100  levels  without touch 93 level .Overall trend is positive  and as long as it hold support it can rise towards 106 level as well.Inner calculations suggesting for intraday purpose 93 stop loss  and it can rise for 96,96.50 and final target 97 levels respectively.

 QUICK FUNDAMENTAL LOOK                                                                     

The Australian and New Zealand dollars were subdued on Thursday as bonds extended their rally to a sixth session as markets wagered interest rates had peaked both at home and in the United States.

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

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