AUD,NZD/FXWW News

AUD/JPY: Solid bounce suggests that base mightn’t be too far away

I’m still of the view that the AUD sell-off against the EUR, JPY and USD is overdone and that we will eventually get a decent bounce. Not sure that the base has happened just yet but pairs like AUD/JPY, which has bounced almost 150 pips off earlier lows, does suggest to me that a base will form fairly soon.
Catch you tomorrow.

Leave a Reply

Your email address will not be published.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