AUD/JPY to test 83.06

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Resistances: 83.06; 83.57; 83.79
Supports: 82.57; 82.05; 81.85

Outlook
Yesterday's small bearish correction was stopped today, and now another bullish reaction takes place. As for now, the price is heading towards the monthly R1 at 83.06, which might bring some bearish momentum. In case it fails to stop the movement upwards, then next resistances at 83.57 (Weekly R1) and at 83.79 (upper Bollinger band) will probably reverse the current tendency. In addition, RSI indicator shows neutral signal, therefore the AUD/JPY currency couple is neither over-bought nor over-sold at the moment.

Traders' sentiment

SWFX market participants retain neutral attitude towards AUD/JPY, as 54% of traders hold long positions and 46% of traders hold short positions. The situation with orders is very similar, since 52% of traders ordered to buy and 48% ordered to sell the Australian Dollar.

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