Another pair that maybe affected by US election is the AUDJPY, which is well known to respond wildly to risk sentiment. That is, AUDJPY tend to rise when risk-on, or tend to drop when risk-off.
Looking at the daily chart, the price is still bound by a long term downward trend line (in red color), and is very close to the upper boundary, which leads me to think that a drop may come soon.
I'll be watching this pair next week to see if there's any short opportunity.
Looking at the daily chart, the price is still bound by a long term downward trend line (in red color), and is very close to the upper boundary, which leads me to think that a drop may come soon.
I'll be watching this pair next week to see if there's any short opportunity.