AUDJPY Daily. Another simple setup, here we can see the 75.000-76.000 area acting as a strong resistance. We've just managed to close above this area so we could see as we enter 2020 price heading towards the 78.000-80.000 which is where price was also stuck in the range of at the begining of 2019. Trade can also be used to hedge our aussie exposure if we take the GBPAUD trade previously shared.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.