AUD/JPY Technical Analysis:bulls hoping to retake 81.00


  • The Aussie has plunged against the safe-haven Yen as risk aversion takes over broader markets.
  • AUD traders are looking towards Tuesday’s China data dump, hoping for a pick-up to start rebuying.
  • Current market tensions have seen the AUD/JPY dip into a new low for 2018.

AUD/JPY Chart, 15-Minute

Spot rate:  80.37
Relative change:  -0.10%
High:  80.55
Low:  80.35
   
Trend:  Bearish
   
Support 1:  80.35 (current day low)
Support 2:  79.98 (current week low; major technical bottom)
Support 3:  79.00 (major technical barrier)
   
Resistance 1:  80.84 (current week high)
Resistance 2:  81.05 (38.2% Fibo retracement level)
Resistance 3:  81.97 (previous week high)

 


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

RELATED TOPICS



Source link



Leave a Reply

error: Content is protected !!