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On the 4-hour chart, the AUD/JPY cross currency pair is trying to broke above the 107.95 level, but with the appearance of deviations between the AUD/JPY price movement which forms a Higher High while the Awesome Oscillator indicator forms a Higher Low, there is the potential for EUR/NZD to be corrected to weaken down to level 107.18, but as long as it does not break below the 107.00 level, AUD/JPY still has the opportunity to continue strengthening up to level 108.32 as the main target and if momentum and volatility support it, level 108.93 will be the next target to be aimed at.
(Disclaimer)
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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