The Aussie surged against the safe-haven Yen late Wednesday as broader markets saw a recovery in risk appetite. The AUD, heavily tied to metals prices, is seeing support from commodities as markets adjust to the hawkish outlook provided by the US’ Fed head Powell. The AUD/JPY is approaching a common consolidation point on the Daily candles, traders should be on the lookout for a rollover into a new leg lower. AUD/JPY Chart, 15-Minute Spot rate: 83.50 Relative change: 0.06% High: 83.50 Low: 83.37 Trend: Bullish Support 1: 83.37 (current day low) Support 2: 83.10 (61.8% Fibo retracement level) Support 3: 82.83 (previous day low) Resistance 1: 83.54 (previous day high) Resistance 2: 83.67 (current week high) Resistance 3: 83.98 (June 13th swing high) 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 When is the Aussie jobs report, and how could it affect the AUD/USD? FX Street 5 years The Aussie surged against the safe-haven Yen late Wednesday as broader markets saw a recovery in risk appetite. The AUD, heavily tied to metals prices, is seeing support from commodities as markets adjust to the hawkish outlook provided by the US' Fed head Powell. The AUD/JPY is approaching a common consolidation point on the Daily candles, traders should be on the lookout for a rollover into a new leg lower. AUD/JPY Chart, 15-Minute Spot rate: 83.50 Relative change: 0.06% High: 83.50 Low: 83.37 Trend: Bullish Support 1: 83.37 (current day… 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.
