AUD INFORMATION: Investors were aggressively pricing in the end of U.S. rate increases on Friday, leading to a significant recovery in the bond markets. As a result, the Australian and New Zealand dollars were on track for their strongest week of the year.
Personal comments NOVA: Although the Australian dollar continuously had good news to help the price recover strongly, in the last session of the week, the price corrected down.
SET UP AUD/JPY PRICE: SELL AUD/JPY zone: $94.85 - $94.95 SL $95.25 TP 1: $94.45 TP2: $94.15
Technical analysis: Based on technical indicators EMA34, EMA89 and the stiff resistance zone of 95.35 to place a SELL order
NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
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