AUD trend reversal?

[BenFoXX]

Hi!

As you certainly know the AUD behaved very bearish in the last weeks. Indeed we have seen a strong down-trend.

I was wondering what you think about the very recent development. Can you see a clear reversion right now (which might have started in the last 1-2 days, or so) or do you think it is just a correction? Time to go long on AUD/JPY? - I think there is a chance it's a reversal.

 

[tomorton]

I have been short AUD, still short some NZD. I have no idea of this is going to be a bullish reversal but I went to dailyfx.com to find out what caused the price rise. Analysts there say the move is unlikely to last. but much depends on US/China tariff talks or US/China tariff war, take your pick.

 

[markallen]

I think it is too early to tell whether it's a reversal or simply a retracement.