FOREX TECHNICAL & NEWS ANALYSIS:TIME TO BUY AUD

Today we can surely have a long position on AUD/JPY. Technical position is favorable to go long on the pair. The upcoming events are expected to come better than previous releases.

Source: metatrader4.com

From the economic calender, it is clearly shown that the foretasted data is better than the previous data. This expectation will keep the pair bullish until the data are released.We can see the forecasts of key economic data during the week are better than the previous data.

Published @ 3:00 PM, Tuesday, March 11, 2014 (GMT)