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Frannel_Franco

Australian Buying Spree and Weaker Yen #aud #forex

Long
Australian Dollar / Japanese Yen (OANDA:AUDJPY)  
Frannel_Franco  
OANDA:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Chart Patterns AUDJPY Forex aud jpy
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trendanalysis chartpattern audjpy forex aud jpy
Today we saw a break of the minor trendlines, looking to test resistance at 84.50. With a candle this strong it will most likely break that support to continue higher. Australian dollar has risen today against all majors. This may have been due to the US-China Trade Wars and is encouraging South East Asia demand for those dollars (risk on currency AUD), instead of the Japanese Yen (Safe Haven)
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