AUDUSD has gained for 5 straight days and has pushed above the 100- and 200-day MA, with supply coming in at the 61.8 fibo of the recent selloff from 0.6644 to 0.6321 – a break of 0.6537 and we may see a retest of the 9 April highs. The FOMC meeting (on Wednesday) offers risk to USD exposures. AUDJPY has pushed to the best levels since 2013, gaining over 4% w/w for the best weekly gain since June 2020. Being long of this cross comes with the ever-growing JPY intervention risk, so there are risks that need to be heavily considered. AUDJPY is the momentum play in FX, but position size is paramount if trading this pair ... (full story)