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  • The Aussie is resuming to strike a weaker tone in early Tuesday action after the RBA towed the regular line of wait-and-see, noting high household debt and sluggish wage growth.
  • The AUD/JPY’s current bull run on higher timeframes could be softening up ahead of a bearish turnover.
  • Daily candles show the pair nearing a popular rejection zone.

AUD/JPY Chart,15-Minute

Spot rate:   83.22
Relative change:   -0.03%
High:   83.45
Low:   83.20
Trend:   Flat to bearish
Support 1:   83.20 (current week low)
Support 2:   82.68 (61.8% Fibo retracement level)
Support 3:   82.06 (previous week low)
Resistance 1:   83.45 (current day high)
Resistance 2:   83.68 (July high)
Resistance 3:   84.53 (June high)