AUDJPY Defies Gravity, Reaches More than 7½-Year High

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AUDJPY Defies Gravity, Reaches More than 7½-Year High

AUDJPY has recorded a multi-year high of 91.75 just beneath the 91.88-92.68 resistance region formed by the August 2015 highs. The upturn of the simple moving averages (SMAs) reflects the surge in bullish momentum after the price overran the 44½-month high of 86.24. Currently, the climbing Ichimoku lines signal no weakness in bullish forces, while […]

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Source: AUDJPY Defies Gravity, Reaches More than 7½-Year High