AUD,NZD/FXWW News/JPY crosses

AUD/JPY: Looking bit ‘bottomy’ on short-term charts

Whilst the recent trend has at times been violently bearish, and it is risk-off Friday as well, the short-term charts are disagreeing and look a bit oversold to my contrarian eye. I’m pretty sure that we will get some movement here today and I’m thinking of starting small with a mild bullish bias whilst the pair stays above 92.70ish. Any early rallies will run into resistance at 93.50, so that looks like the initial range to play.

 

 

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