Descripción
⋅ AUD/JPY extending declines after failing at 100-DMA on March 31st trade.
Break below major trendline at 83.75 has opened scope for test of 200-DMA at 81.75.
Weekly charts highly bearish, RSI and Stochs steeply inclined lower.
Next immediate support is seen 83.16 (Nov 28 low), and immediate resistance is seen at 84.69 (5-DMA).
Good to go short on rallies, SL: 84.50, TP: 83.15/ 82.50/ 82.15/ 81.75
Comentarios
⋅ TP1 at 83.15 hit.
Price has retraced from lows at 83.14.
Bias lower, book partial profits, hold for downside.
Comentarios
⋅ AUD/JPY is holding above 200-DMA support at 81.95.
Break below could see test of trendline at 81.50.