AUD/JPY chart on Trading View used for analysis
- AUD/JPY has edged higher from session lows at 81.51 and is currently trading at 81.77.
- The pair has dipped below 200-DMA and we see further weakness on cards.
- Risk-off among markets and non-eventful RBA minutes keep the Aussie on the backfoot.
- Technical indicators have turned bearish. Stochs are on verge of rollover from overbought levels.
- MACD is on verge of bearish crossover on signal line and RSI is biased lower.
- The pair finds immediate support at 110-EMA at 81.46, break below will see drag til daily cloud.
- On the flipside, decisive breakout at 200-DMA to see further upside.
Support levels - 81.46 (110-EMA), 81.04 (23.6% Fib), 80.74 (cloud top)
Resistance levels - 81.95 (200-DMA), 82.23 (5-DMA), 82.58 (38.2% Fib)
Recommendation: Stay short below 110-EMA, SL: 81.95, TP: 81, 80.75
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


China's Refining Industry Faces Major Shakeup Amid Challenges
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Urban studies: Doing research when every city is different
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
US Gas Market Poised for Supercycle: Bernstein Analysts
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
Geopolitical Shocks That Could Reshape Financial Markets in 2025
Wall Street Analysts Weigh in on Latest NFP Data
Stock Futures Dip as Investors Await Key Payrolls Data 



