Market Analysis of AUDJPY on Monday 16 October 2023

2023-10-17 01:12Fonte:BtcDana

AUDJPY TECHNICAL ANALYSIS SHORT TERM VIEW     

 AUDJPY has strong support  94.65 to 93 levels and it can rise towards  towards 97  levels  without touch 93 level .Overall trend is positive  and as long as it hold support it can rise towards 100 level as well.Inner calculations suggesting for intraday purpose 93 stop loss  and it can rise for 95,95.20 and final target 96 levels respectively.

 QUICK FUNDAMENTAL LOOK                                                                     

The Australian and New Zealand dollars edged higher on Monday as global markets stabilised somewhat in the face of geopolitical risk, though there are plenty of domestic hurdles ahead this week from economic data and central bank events.

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

Mais