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AUD/JPY is currently trading at 77.95, having hit a low of 77.44 last week.  The ongoing corrective rally could gather pace if the cross establishes higher high with a convincing move above 78.15 (resistance of Feb. 11 high). That would validate the bullish divergence of the hourly chart RSI, confirmed on Feb. 7 and allow a test of the 200-hour moving average (MA), currently at 78.67.

Hourly chart

Trend: bullish above 78.15


       Today Last Price:  78.06
       Today Daily change:  0.08  pips
       Today Daily change %:  0.10%
       Today Daily Open:  77.98
       Daily SMA20:  78.5
       Daily SMA50:  78.91
       Daily SMA100:  80.07
       Daily SMA200:  81.01
       Previous Daily High:  78.16
       Previous Daily Low:  77.74
       Previous Weekly High:  79.85
       Previous Weekly Low:  77.44
       Previous Monthly High:  79.4
       Previous Monthly Low:  70.71
       Daily Fibonacci 38.2%:  78
       Daily Fibonacci 61.8%:  77.9
       Daily Pivot Point S1:  77.76
       Daily Pivot Point S2:  77.54
       Daily Pivot Point S3:  77.34
       Daily Pivot Point R1:  78.18
       Daily Pivot Point R2:  78.38
       Daily Pivot Point R3:  78.6