The Australian pair declined
during yesterday's trading but gives us excellent buying opportunities now and
these pairs can be bought with far targets as follows
Buy the Aussie against the
Japanese Yen now and targets around 83
The pair retreated from
yesterday's economic data, but it is essentially bearish and does not reveal weakness
for the Australian and no strength or sustained demand on the JPY
Technically, the pair is trading
above 82.25 support and has stronger support at 81.20 and we have a clear
buying signal on the MACD indicator that corresponds to a clear sell saturation
Trading Recommendation
Buy the pair from current levels
81.44
Stop Loss 80.00
Take a profit 83.66
Australian buying against the US
dollar and targets around 0.73
As we mentioned earlier, the
pair's weakness was temporarily affected by the economic data released
yesterday, but it is essentially bearish and does not reveal weakness for the
Australian while the movements of the US dollar remain calm and the dollar
index does not give us a positive form for its movements
Technically we have a clear buy signal
and we have a buy signal on the MACD indicator and trade above the 0.7100 key
support
Trading Recommendation
The pair is currently trading at
0.7217
Stop Loss 0.700
Take Profit 0.7350
Australian New Zealand buys
targets at 1.062
The pair continued to decline
during the Asian trading session, but it reached areas of clear buy signal
Technically we have a clear buying
signal on the MACD indicator as the pair is trading above 1.049 key supports
Trading Recommendation
Buy the pair from current levels 1.0512
Stop loss 1.048
Take Profit 1.067
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