Hi traders, as you see price is forming bearish flag on 1h, so watch price to push lower. It may push bit higher, before it will drop, but i will wait for breakout. This pair is showing nice potencial for downside move, becouse JPY index is gaining strenght and will push higher, while AUD index is loosing momentum and will drop so that should move this pair nicely to the downside. Stay patient!
Comment:
As you see price is moving inside ascending channel, and i expect price to push lower atleast to retest that trendline, but it may go even lower
Comment:
As you see fibonaci is showing that price can easily push higher, so watch price around 83.80 (0.618) and if that wont be respected that we might see 84.30 (0.786), remember stay patient!