AUDJPY - BULLISH BIAS
Updated
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MARKET OUTLOOK
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AUD - BULLISH
1️⃣ The RBA's economic assessment was more upbeat than in the previous post-policy meeting accompanying statement.
2️⃣ Australian figures showed the economy expanded by a healthy 1.8% in the first quarter, taking gross domestic product (GDP) back above pre-pandemic levels.
JPY - BEARISH
1️⃣ Rising US Treasury yields weigh on the JPY.
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TECHNICAL
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- We're buying this pair on RBS level + SMA50 area + Pivot point level on H1 chart.
MARKET OUTLOOK
=====
AUD - BULLISH
1️⃣ The RBA's economic assessment was more upbeat than in the previous post-policy meeting accompanying statement.
2️⃣ Australian figures showed the economy expanded by a healthy 1.8% in the first quarter, taking gross domestic product (GDP) back above pre-pandemic levels.
JPY - BEARISH
1️⃣ Rising US Treasury yields weigh on the JPY.
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TECHNICAL
=====
- We're buying this pair on RBS level + SMA50 area + Pivot point level on H1 chart.
Trade closed manually
Close on 84.970
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