Disclaimer: For Education Purposes only
Technical Analysis
Price is Approaching Key Area after breaking out of Descending Channel.
The existence of an imbalance is a good reason for the price to make a move the downside.
Fundamental Analysis
Japan Quarterly GDP and Annual GDP is less than consensus and previous scores. So a weaker JPY is to be expected.
Because...
Disclaimer: For Education Purposes only
Technical Analysis
Price is approaching Horizontal and Dynamic Support.
Fundamental
Australian Dollar is strong when rare earth commodities are of high prices.
Developed Economy and Far away from Europe making it a safe haven from uncertainty caused by Russo-Ukraine Tensions.
Happy Trading
