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

AUD/JPY: Worth considering a short after poor trade data?

audjpy1w     The poor trade data does make a rate cut slightly more likely although the futures market isn’t showing any marked change. Perhaps AUD/JPY might be worthy of some consideration at these lofty levels? I am watching the short-term charts closely for any sign of a topping formation.

  1. My system generated a sell signal near the 92 level in late US session. I’ve gone short via the legs – short AUDUSD and short USDJPY. These two pairs are the most bullish over the past few weeks, so I might get burned! Fingers crossed.

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