Antipodeans extended downside as divergent monetary policy outlooks between the Fed and OZ central banks (RBA & RBNZ) continue to weigh
- The yen on the other hand regained lost ground, staged a solid comeback on upbeat Japan's industrial output figures
- Data appears to ease the pressure on the BOJ to ease this week supporting JPY
- AUD/JPY lower on the day, but holds trend-line support at 85.65, is currently trading at 85.79
- Immediate resistance for the pair lies at 86.00 (4h 200 MA) and strong trendline support is at 85.65
- Daily Techs point South, breaks below trendline support at 85.65 could take the pair to 85 levels
Resistance Levels:
R1: 86.00 (4h 200 MA)
R2: 86.18 (4h Tenkan)
R3: 86.23 (Daily cloud top)
Support Levels:
S1: 85.65 (Trendline support)
S2: 85.61 (Oct 28 lows)
S3: 85.10 (Oct Oct 6 lows)
