Market Analysis of AUDJPY on Monday 30 October 2023

2023-10-30 20:02Source:BtcDana

AUDJPY TECHNICAL ANALYSIS SHORT TERM VIEW      

 AUDJPY is running in  positive trend and its support area is 94 to 94.52 and overall trend  stop loss is 93.It can rise upward towards 97 level sharply because it has made irregular correction at top 97 levels .It has change trend upside in very short term  so now 97 can come very sharply  in short term.It is ready to fly for sharply above 98 levels

 QUICK FUNDAMENTAL LOOK                                                                     

The Australian dollar rose on Monday as a stronger-than-expected retail sales report added to the case of higher interest rates at home, although volatile global risk sentiment has capped the gains.

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

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