Reserve Bank of Australia  ( RBA ) statement of monetary policy release has weaken AUD , market expect RBA further easing is on the card Today is an important day US Non-farm employment change (  NFP ) release  8:30 US Eastern time . One of the most watch event by market participant  , any disappointed figure will reverse the dollar bull trend in this week. Looking at 4 H it breaks the support area of 79.50 area Bear will be selling on any pullback. 4H stochastic has enter nice sell zone after crossing down

 

20160506  AUDJPY 4HA

 

Looking at 1 H  The bear is waiting to sell at any pull back .later in European session will be more opportunity as liquidity increase , in the mean time many market participant will wait and see what is the outcome on NFP tonight and trade in the direction of the market trend.

 

20160506  AUDJPY 1HA

Happy and safe trading

 

One thought on “AUDJPY down further on RBA weaker inflation forecast ( 6 May . 2016 )”

  1. Ben Leung says:

    Oh yes, the Bear is definitely in control, Sell …

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