FxWirePro: AUD/JPY eyes 200-DMA at 80.17, good to go long on dips
Aussie supported on the back of RBA minutes and Governor Lowe’s comments. Minutes suggested that the RBA may remain in a wait and see mode in the upcoming meetings. RBA’s Lowe noted that the current AUD level is suitable…
Aussie supported on the back of RBA minutes and Governor Lowe’s comments.
Minutes suggested that the RBA may remain in a wait and see mode in the upcoming meetings. RBA’s Lowe noted that the current AUD level is suitable for the economic growth.
AUD/JPY extending bullish drift from yesterday, eyes 200-DMA at 80.17.
Techs are heavily bullish, break above 200-DMA could see test of 81.51 levels.
Major support levels - 79.14 (5-DMA), 78.82 (10-DMA), 78.03 (20-DMA), 77.82 (100-DMA)
Major resistance levels - 80.17 (200-DMA), 80.78 (Week of July 18 high), 81, 81.51 (Week of July 11 high)
Recommendation: Good to go long on dips around 79.80, SL: 79.15, TP: 80.15/ 80.75
