Last month's candle broke out of the 1.6000 daily/weekly resistance and closed well above it at 1.6800, which is 800 pips above the 1.6000 resistance. The candle also had no upside wick, which shows that the bullish sentiment is strong. This is most likely a breakout- retest-trend continuation rather than a fakeout.
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This is one of the most volatile forex pairs. Monthly wicks can be hundreds of pips. But, the uptrend continues!
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The close of the monthly candle will confirm the dominant trend.
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Price is back above the resistance! I am anticipating a breakout and continuation of the trend.
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Anticipating a breakout and continuation of the trend above 1.6800. Reserve Bank Of Australia earlier on Tuesday maintained the AUD interest rates at 4.10, providing a pull back and an opportunity to join the trend. AUD is weak on the long term.
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Still very bullish on AUDJPY. Expecting the uptrend to resume and the market to breakout of the long term 98.00 resistance in the coming days/weeks.
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Classic breakout and consolidation ( retesting). Price is back at the resistance. By the close of the week/month, its very likely new highs will be in place.
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New highs tagged. 300 PIPS !
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350 PIPS STRONG !
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500 PIPS STRONG !
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New highs, new territory. This is just the beginning !
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600 PIPS STRONG !
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The weekly candle closed well above the previous highs on the current bullish trend @ 1.6800. EURAUD is now trading at New highs on the current trend !
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700 PIPS ON THE TREND !
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The trend is on fire ! 800 PIPS !
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850 PIPS FLOATING !
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900 PIPS FLOATING !
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EURAUD weekly candle setting up for another bull run !
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The uptrend resumes !
Thedeveloper