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14 Aug 2018
AUD/JPY Technical Analysis:bulls hoping to retake 81.00
- The Aussie has plunged against the safe-haven Yen as risk aversion takes over broader markets.
- AUD traders are looking towards Tuesday's China data dump, hoping for a pick-up to start rebuying.
- Current market tensions have seen the AUD/JPY dip into a new low for 2018.
AUD/JPY Chart, 15-Minute
| Spot rate: | 80.37 |
| Relative change: | -0.10% |
| High: | 80.55 |
| Low: | 80.35 |
| Trend: | Bearish |
| Support 1: | 80.35 (current day low) |
| Support 2: | 79.98 (current week low; major technical bottom) |
| Support 3: | 79.00 (major technical barrier) |
| Resistance 1: | 80.84 (current week high) |
| Resistance 2: | 81.05 (38.2% Fibo retracement level) |
| Resistance 3: | 81.97 (previous week high) |