AUD/JPY chart - Trading View
AUD/JPY hovers around 5-DMA, pauses 2 straight sessions of upside, bias turning neutral.
The pair was trading 1.09% lower on the day at 63.50 at around 07:00 GMT after closing 1.06% higher on Friday's trade.
Major trend in the pair is bearish, but a 'bullish divergence' and 'oversold oscillators' hold scope for upside.
Australia's government on Monday announced a second major economic rescue package worth $66 billion, on top of an initial $17.6 billion package.
The pair largely unimpressed. Risk aversion continues to drive markets, weighs on the upside.
TIME TREND INDEX OB/OS INDEX
1H Neutral Neutral
4H Bearish Neutral
1D Bearish Neutral
1W Bearish Oversold
Support levels - 62.706 (Hourly cloud), 59.869 (Mar 19 low)
Resistance levels - 65.175 (200H MA), 66.238 (38.2% Fib)
Summary: Major trend is bearish, but 'bullish divergence' and 'oversold oscillators' hold scope for minor upside. Watch out for break above 200H MA for further gains.


FxWirePro-24-Hour Crypto Category-Based Performance Dashboard
FxWirePro: GBP/USD slips as dollar extends gains after US PMI data
Hawkish Fed Fuels Gold Sell-off: Gold Dives Below $4300 Amidst Rate Hike Fears
FxWirePro- Major Pair levels and bias summary
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
FxWirePro- Woodies Pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD softens as Australian unemployment rate nears 5-year high
European Stocks Rally on Chinese Growth and Mining Merger Speculation
Global Markets React to Strong U.S. Jobs Data and Rising Yields
FxWirePro- Major Crypto levels and bias summary
Stock Futures Dip as Investors Await Key Payrolls Data
China's Refining Industry Faces Major Shakeup Amid Challenges
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path
US Gas Market Poised for Supercycle: Bernstein Analysts
FxWirePro: USD/ZAR rises as dollar gains on Fed hike bets 



