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Lucas: Why I'm buying AUDJPY
It's time to buy AUDJPY for 3CAnalysis' Steve Lucas this Tuesday. The Aussie dollar's been under pressure in recent weeks due to weak commodities and concerns about China. However, he says sentiment is improving and he thinks AUD will benefit and the Japanese yen will lose out.
His call is to buy AUDJPY at market at 89.80 with a stop at 89.34. His targets are 92.22, Friday's high, and 91.83, Thursday's top.
00:59 minutes
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