Cross-rate signals: AUD/JPY is limited to the support level - Ester Holdings
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Cross-rate signals: AUD/JPY is limited to the support level

Cross-rate AUD/JPY remains near the significant support level of 81.50, which indicates the uncertainty of the market. In this situation, further decline in the AUD/JPY pair is difficult, which in the end may indicate a slowdown in the downtrend and the formation of a correction.

The signal for the pair’s recovery will be the consolidation of the pair above the key support 81.50. In this case, one should expect a test of resistance levels: 82.30-50 and 82.80. Support is located at 81.30 and 81.00.

Fig. AUD/JPY H4. The current price is 81.40.

Hanzenko Anton

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