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Can AUDJPY Break Lower While US Stocks Hits Resistance?


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July 06 2018

There was a nice spike higher on AUDJPY into first resistance level so wave C) can be coming to an end. However, second resistance at 82.70 is also still in focus while pair trades above 81.20. At the same time, I am looking at correlation with E-mini S&P500; and it looks quite nice, but now in corrective rise after that drop from June highs, so next strong leg can be lower.

Check video below for more details:


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