AUD,NZD/Technical Analysis/Trade Ideas/USD/JPY

AUD/JPY: Might be worth a quick short at 94.10?

The Apple crumble (pardon me, couldn’t help myself 🙂 ), the 10% fall in AAPL after the revenue forecast certainly affected risk sentiment this morning and AUD/JPY is usually a good pair to trade if you have a view on short-term sentiment swings. The pair has bounced after the Chinese data but it looks like the bears could have a good entry level at 94.10 which is certainly worth considering if you feel that more equity market weakness is around the corner?

I’ve posted the AUD/JPY chart in the members section which shows the 61.8% level I’m looking at.

(Edit: Looks like we missed our chance there, with 94.02 the high; money for old rope selling that silly rally!).

  1. Good on you Dok, well played yet again. I’m just messing around trying to pick up 100/150 pips on smallish trades until I can sense the next 500/600 pips somewhere

Leave a Reply

Your email address will not be published. Required fields are marked *