- AUD/JPY recovery capped below 5-DMA at 87 levels, bias bearish.
- Technical studies are heavily bearish, RSI and Stochs are sharply lower.
- Weekly charts also support downside in the pair. RSI biased lower and below 50-levels.
- We also evidence bearish weekly 5-SMA crossover on 20-SMA which adds to bearish bias.
- We see scope for test of 200-DMA at 86.01. Violation there could see further weakness.
- On the flipside, 20-DMA at 87.63 is strong resistance, break above invalidates bearish bias.
Support levels - 200-DMA (86.01), 85.45 (Aug 11 lows), 84.85 (61.8% Fib retrace of 81.48 to 90.30 rally)
Resistance levels - 87.03 (5-DMA), 87.63 (20-DMA), 87.95 (50-DMA)
Recommendation: Good to go short on rallies around 86.75/90, SL: 87.65, TP: 86/ 85.45/ 84.85.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro : EUR/NZD holding below 38.2% fibo ahead of US data
NZDJPY Bears Ready to Strike: Sell Rallies at 93 as EMAs Signal Deeper Slide to 90
FxWirePro: USD/CAD eases slightly but trend is still bullish
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
Currency Score Alert: GBPUSD, AUDUSD & NZDUSD Top the Charts at 85 – Major Levels to Watch for Bullish Breakouts
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: NZD/USD softens despite firm expectations for RBNZ tightening
Gold Hits 6-Week High: Buy Dips at $4220 as Bullish Momentum Eyes $4400 Breakout
FxWirePro: GBP/USD eases as dollar firms ahead of U.S. June non-farm payrolls report
FxWirePro: USD/ZAR gains some ground, but downtrend remains
FxWirePro: USD/ZAR extends decline, scope for further downside
FxWirePro: GBP/USD supported by UK services recovery and dollar weakness
EURGBP Bears Break Trendline: Sell Rallies at 0.8578 as Support Breach Eyes 0.8450 Slide 



