AUDJPY - Triangles and Range Contraction
Volatility is decreasing on multiple timeframes with lower highs and higher lows.
Low volatility begets High volatility with a squeeze often being followed by a volatility breakout/expansion.
It could be a sign of caution and patience for the upcoming AUD news but many institutional participants may take a directional position prior to the release prompting an early pre-news move
Low volatility begets High volatility with a squeeze often being followed by a volatility breakout/expansion.
It could be a sign of caution and patience for the upcoming AUD news but many institutional participants may take a directional position prior to the release prompting an early pre-news move
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