AUD/JPY touches 20-day SMA at 82.69

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Resistances: 82.90; 83.06; 83.37
Supports: 82.26; 81.79; 81.68

Outlook
The bullish correction, which occurred yesterday, failed to continue, and now AUD/JPY has already touched 20-day SMA at 82.69. In case the downtrend prevails, then the price might reach the 200-day SMA at 82.26, which might bring some bullish impulse, however, if it is breached, then the currency couple might drop until the lower Bollinger band at 81.79, which will probably change the direction of the current movement. Additionally, RSI indicator remains neutral, and present resistances are at 82.90, 83.06 and 83.37, and they seem to be safe for now.

Traders' sentiment
SWFX market participants are neutral about the AUD/JPY currency couple, as 52% of traders hold long positions and 48% of traders hold short positions. The situation with orders, however, favors the bullish tendency, since 79% of traders ordered to buy and only 21% ordered to sell the Australian Dollar.

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