AUD gain strength across the board post better than expected CHINA CPI news release on 13 Oct 2016. As a bull on this pair, I’d like to look for buy setup near support. A perfect opportunity for carry trades setup.

“The Aussie gained smartly in Asia on Friday as prices data in China showed a surprise jump, signalling potential demand pressures for key commodities in closely-watched figures covering consumers and producers.China reported CPI for September with a gain of 0.7% month-on-month, well above the 0.3% pace seen and led by food prices, and a 1.9% increase year-on-year, faster than the 1.6% rise expected. As well PPI data rose 0.1% year-on-year, compared to a decline of 0.3% expected for the first positive growth since February 2012. ”

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AUDJPY just broke through strong level of resistance after a long period of consolidation.


Price had been strongly reacting to this level support/resistance in the past and since the price manage to breach through and stayed above that level, i'd like to look for buy opportunity on a smaller TF


On the 15min Chart, I'd like the stochastic to come down to the oversold condition and for the price action to show some form of reversal pattern for me to trigger the buy entry

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