AUD/JPY, Has it Topped Again?
The Australian Dollar might have topped against the Yen.
AUD/JPY turned lower in early September after negative RSI divergence showed that upside momentum was fading.
Prices left behind a key zone of resistance between 81.657 and 82.028.
This also followed a break under an Ascending Channel.
A bearish 'Death Cross' may emerge on the 4-hour chart between the 20- and 50-period Simple Moving Averages (SMAs).
Key support zone to clear could be the 79.820 - 80.140 inflection range, where beyond that exposes August lows (77.880 - 78.129).
Pushing above 82.028, with confirmation, may overturn these downside technical warnings.
AUDJPY
AUD/JPY turned lower in early September after negative RSI divergence showed that upside momentum was fading.
Prices left behind a key zone of resistance between 81.657 and 82.028.
This also followed a break under an Ascending Channel.
A bearish 'Death Cross' may emerge on the 4-hour chart between the 20- and 50-period Simple Moving Averages (SMAs).
Key support zone to clear could be the 79.820 - 80.140 inflection range, where beyond that exposes August lows (77.880 - 78.129).
Pushing above 82.028, with confirmation, may overturn these downside technical warnings.
AUDJPY
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.