- The bearish divergence and the rounding top on the hourly chart relative strength index (RSI) indicates the AUD/JPY could revisit the ascending (bullish) 50-hour moving average (MA) support, currently seen at 81.13.
- The high of 81.66 clocked yesterday could be put to test again if the cross sees a strong rebound from the rising 50-hour MA.
Spot Rate: 81.38
Daily High: 81.61
Daily Low: 81.36
Trend: Intraday bearish
R1: 81.66 (previous day's high)
R2: 81.93 (100-day MA + 6.8% Fib R of 83.94/78.68)
R3: 82.80 (Aug. 8 high)
S1: 81.36 (50-day MA)
S2: 81.13 (50-hour MA)
S3: 80.88 (5-day MA)