I'm predominately an Equities trader, however, I follow this pair with interest as it more or less tracks risk-on / risk-off sentiment along with Equities Indices. Equities Indices have begun a new bull cycle since the August 2015 lows. Interestingly, the AUDJPY has not recovered as much as Equities Indices since those market lows, so I think this pair can go higher here until 17 December (when FOMC is likely to hike rates). Should the US Fed hike rates, then Equities will hit a short term downtrend/retracement, which is when I expect this pair to also drop in unison. However, I can see this pair getting back to 92.00 by 17 Dec, which, was the previous resistance level before the August 2015 big drop.
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Buy at the Low, Sell at the High You make money by waiting not by trading.
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Elliott Wave for optimum entry, exit and risk management of trades
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Elliott Wave for optimum entry, exit and risk management of trades
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"Keep your eyes on the helpers" - Mr. Rogers
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