FxWirePro
Long

AUD/JPY bounces off trendline support at 80.75, good to buy dips

FX:AUDJPY   Australian Dollar / Japanese Yen
155 0 3
AUD/JPY             has taken strong trendline support at 80.75 and has edged higher to currently trade at 82.62.

Momentum studies on the daily charts have turned bullish , Stochs has shown a bullish crossover from oversold levels and RSI has bounced off from near 30 levels.

Pair has broken above 5-DMA at 82.16, weakness only below 80.90 ( trendline support).

Upside finds immediate resistance at 82.90 (cloud base), 83 and then 83.27 (Jan 26th highs).

Upbeat NAB Business Confidence survey supports Aussie bulls, also a rebound in the USD/JPY             adds to gains in AUD/JPY             .

Focus now remains on the Chinese trade balance and GDP figures due later this week, while the Aus jobs report will be also closely watched for fresh cues on RBA’s policy outlook.

Good to buy dips around 82.55/60, SL: 81.80, TP: 83/83.50/83.80
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out