forex AUD/JPY: Risk Aversion is Rising on the Global Market

[Anzo Lim 0]

https://www.wikifx.com/cn_en/

The global financial market will welcome the new year this week. Although many Wall Street traders who have just enjoyed their Christmas holiday are yet to return to the market, but the sudden changes of the market is quite unexpected. Statistics show that USDX fell below the crucial 97 mark last Friday, while spot gold soared above US$1,515/ounce, breaking its record in almost 2 months.

 

After US’s air strike against Syria and Iraq last weekend, risk aversion sentient again prevails on the global market. From historical data, the week of entering the new year is usually an eventful period. Investors are suggested to follow AUD/JPY’s trend.  

 

AUD/JPY pivot points: 76.27-76.39

 

S1  76.13               R1  76.65

S2  75.81               R2  76.85

 

Edited December 30, 2019 by Anzo Lim