AUD/JPY bounces off weekly low, remains below short-term key resistances. Bearish MACD counters oversold RSI conditions. AUD/JPY bounces off weekly lows, mainly due to oversold RSI, to 70.20 by the press time of early Asian session on Friday. That said, the pair dropped heavily the previous day while also stays below even the short-term key resistances. Given the bearish MACD signals confront oversold RSI-led bounce, the pair is less likely to hold its recent pullback much beyond the immediate resistances. Among them, a downward sloping trend line from February 21, at 71.10, acts as the immediate resistance ahead of the early-February month low near 72.44 and 21-day SMA around 72.65. If at all the bulls manage to cross 72.65 mark, the previous month top near 74.50 will be important to follow. On the contrary, 70.00 can be considered as the closest support ahead of the recent multi-year low around 69.40. AUD/JPY daily chart Trend: Bearish FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/JPY Price Analysis: Oversold RSI-led bounce lacks strength to lure buyers FX Street 2 years AUD/JPY bounces off weekly low, remains below short-term key resistances. Bearish MACD counters oversold RSI conditions. AUD/JPY bounces off weekly lows, mainly due to oversold RSI, to 70.20 by the press time of early Asian session on Friday. That said, the pair dropped heavily the previous day while also stays below even the short-term key resistances. Given the bearish MACD signals confront oversold RSI-led bounce, the pair is less likely to hold its recent pullback much beyond the immediate resistances. Among them, a downward sloping trend line from February 21, at 71.10, acts as the immediate resistance ahead of the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
