• Entertainment
  • Finance
  • Marketing
  • Real Estate
  • Technology
  • Social
National Journal Community Of e-Experts
Finance 0

USD/JPY And AUD/USD Forecast – Tuesday, April 17

By Kurt Osterberg · On April 17, 2018

USD/JPY

The US dollar as you can see has broken down a little bit against the Japanese yen during trading on Monday, as it looks like we are trying to go back and forth and perhaps trying to build some type of momentum to go higher. If we can break above the 108 level, then the market will be free to go towards the 110 handle. I think that we will get a bit of choppiness in the short term, and of course this pair tends to be very sensitive to risk appetite around the world, so keep that in mind. I believe the 105 level is essentially the “floor” in the market, but it’s very unlikely to break down below there. I think that the market will eventually find buyers and take advantage of value at these lower levels.

AUD/USD

The Australian dollar initially fell against the US dollar on Friday, testing the 0.7750 level underneath. However, we have turned around and formed a positive looking candle, but it’s not until we break above the top of Fridays shooting star that you can make an argument for a strong move to the upside. I think that the market is trying to turn around right now, but pay attention to gold as it has a major influence on where this market goes. Beyond that, risk appetite has a major influence on this market as well. I believe that we will eventually go higher based upon a longer-term uptrend in channel, but it is going to be very noisy so you should be careful about your position size. I don’t have any interest in shorting, as I think there’s plenty of support near the 0.7650 level.

Print Friendly, PDF & Email

Share Tweet

Kurt Osterberg

You Might Also Like

  • Finance

    STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

  • Finance

    NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

  • Finance

    5 NFTs Trending on Twitter Going Cheap to Invest in Now

No Comments

Leave a reply Cancel reply

Top Finance

  • 3 Best Large-Cap Blend Mutual Funds For Enticing Returns 3 Best Large-Cap Blend Mutual Funds For Enticing Returns
  • What is Value Chain Analysis? How to Deliver Value & Gain a Competitive Advantage What is Value Chain Analysis? How to Deliver Value & Gain a Competitive Advantage
  • Hedge Funds In The US Hedge Funds In The US
  • 5 Ridiculously Useful Non-Monetary Reward Examples that Improve Employee Engagement 5 Ridiculously Useful Non-Monetary Reward Examples that Improve Employee Engagement
  • Chart: Amazon’s Dominance In Ecommerce Chart: Amazon’s Dominance In Ecommerce

New Posts

  • STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

    STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

    June 20, 2022
  • NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

    NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

    June 20, 2022
  • 5 NFTs Trending on Twitter Going Cheap to Invest in Now

    5 NFTs Trending on Twitter Going Cheap to Invest in Now

    June 20, 2022
  • Bill Gates – ‘NFTs & Crypto Based on Greater Fool Theory’

    Bill Gates – ‘NFTs & Crypto Based on Greater Fool Theory’

    June 20, 2022
  • Actor Seth Green Pays $300,000 to Recover his Stolen BAYC NFT

    Actor Seth Green Pays $300,000 to Recover his Stolen BAYC NFT

    June 20, 2022
  • About
  • Contact Us
  • Privacy & Policy
  • Sitemap
  • Terms of use

Copyright © 2018-2021 NJCEE. All Rights Reserved.