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Aug 27 - 01:55 PM

AUD/JPY - Risk Gauge Breaks Out After Fed, May Make 80 Next

By Randolph Donney  —  Aug 27 - 12:45 PM
  • AUD/JPY surges above key range top nL1N2FS14C post-Fed nL1N2FT0PR

  • Fed affirms lower-for-longer rates view, bullish for riskier assets

  • Next resistance is at 78.69, the 61.8% Fibo of the 2017-20 slide

  • 200-WMA, 161.8% Fibo of March's pandemic low key targets at 79.88/80.11

  • Still some IMM spec shorts left to be squeezed out

    For more click on FXBUZ

Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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