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)


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