AUD/JPY chart - Trading View
Technical Analysis: Bias Bullish
- Price has edged above 110-EMA
- Cloud offers strong support
- RSI strong above 55, bias higher
- Holds above 5-DMA, 5-DMA is biased higher
Fundamental Factors:
- Aussie supported by comments from the US and Chinese policymakers, show brighter chances of the much-awaited trade deal to arrive soon.
Support levels - 79.38 (110-EMA), 79.22 (5-DMA), 78.91 (55-EMA), 78.85 (cloud top)
Resistance levels - 80.38 (200-DMA), 81.04 (78.6% Fib), 82
Currency Forecasts: Decisive break above 110-EMA will likely see gains upto 200-DMA
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
