FxWirePro: AUD/JPY breaks below daily cloud, pair could test trendline support at 85.25
Aussie plummets after soft CPI print raised chances of a Nov rate cut by RBA to above 50% Headline inflation held at 1.5% in the Sept quarter, with the quarterly change in the CPI rising just 0.5%, below the 0.7% increas…
Aussie plummets after soft CPI print raised chances of a Nov rate cut by RBA to above 50%
Headline inflation held at 1.5% in the Sept quarter, with the quarterly change in the CPI rising just 0.5%, below the 0.7% increase forecast by markets
AUD/JPY breaks below daily cloud, downside stalled at 85.63 and the pair has edged slightly higher to trade at 85.75
Immediate resistance is seen at 86.10 (hourly 10 MA), ahead of 86.17 (cloud top)
Supports on the downside are located at 85.70 (daily kijun) and further below at 85.63 (session lows) and the 85.25 (trendline support)
Techs indicate further downside, RSI and Stochs point South, breaks below 85.60 could see the pair at trendline support by 85.25
