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AUD/JPY output of their trading range

02/06/2023

Less than a minute

2023.02.06 13:04

The AUD/JPY pair is currently in a range and a triangle at 91.34. If we are successful in breaking the triangle, our next targets are the 1.618 Fibo at 92.49 and the ATR target in the 92.40 area.

Convergence is a possibility for continuation, but the AJ typically has a negative correlation with the dollar. The USDX will provide guidance. The pair has an average daily true range (ATR) of 121 pips and a daily average of 119 pips over 180 days. Right now, USDX is threatening UP.