AUDJPY: testing the strength of the uptrend-13:35 (CET)

20 November 2009 @ 08:03 am EDT

A few days ago, we said the pair was under great indecision, which could lead to a correction. Right now, we got the upwards trendline in place since February 1st. We'll have to pay attention and see how the daily candle ends today. If it breaks the trendline, the next target will be 79.496. If it's a hammer candlestick, the pair will seek 84 yens per aussie in the next days.

Copyright 2009, Advanced Currency Markets SA, Forex Broker, All Rights Reserved

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