Positive Candidate -short term,
Analysis Explanation
AUDJPY broke the floor of the rising wedge and the support @ 87.00.
A further move to previous floor of the trend channel it very predictive @ 85.900
On reactions back we could see a medium long term trend to the ceiling of the trend
The currency has support at points 85.90. and resistance @ 87.800
The currency is assessed as technically negative for the short term.
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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.