AUDJPY Intraday: AU data + ST chart means sell rallies
Hi
Australian data (weak GDP, RBA below hawkish expectations and Retail sales overnight) plus short term chart are against the bulls.
If we add negative sentiment during the New York session (still 2 hours and anything can happen there), we do have good ground for short positions;
Selling rallies towards 77.55 / 75
Stop above 77.95
Target 76.15
Good luck
Australian data (weak GDP, RBA below hawkish expectations and Retail sales overnight) plus short term chart are against the bulls.
If we add negative sentiment during the New York session (still 2 hours and anything can happen there), we do have good ground for short positions;
Selling rallies towards 77.55 / 75
Stop above 77.95
Target 76.15
Good luck
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