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MARKETS LIVE BLOG:

STOCKS CLIMB AS DOW POSTS 8TH STRAIGHT WIN

Fed's Michelle Bowman echoes higher-for-longer mantra for interest rates

Bullish Equities = Bullish AUD/JPY

Nenad Kerkez
·1 min read

Dear Traders,

The AUD/JPY is the best pair to compare Equities with as the excellent correlation exists on all time frames.

At this point, the AUD/JPY wants to make a continuation move towards 69.52, daily camarilla pivot. If the market manages to close above, we should see a continuation of the confluence target, which is 69.75. We can also see the ATR projection up there. Only if the trend line breaks lower, we might see a deeper correction down as the AUD/JPY is strongly bullish.

The Analysis has been done with the CAMMACD.Core and Sit Systems

 

This article was originally posted on FX Empire

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