Aussie Versus Yen and Euro September 8th

FX Strategy Video > Currency Pairs Analysis

The AUD/JPY pair is currently testing resistance, and forming an ascending triangle as well as an ascending channel at the same time! This looks very bullish if we can close above the 83 level. The sudden sigh of relief around the world on Wednesday should send traders into this pair.

The AUD/EUR pair is sitting just above the 1.32 area, which is significant support. However, the trend is down, and we have been below this area before. This means that it is likely that it will give way, allowing the trend to continue.

Published on 7th of September 2011
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