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  • Currently, AUD/JPY is trading at 82.00, having tested 81.89 (61.8% Fib R of 80.63-83.94) earlier today.
  • The hourly chart shows conflicting signals: 50-hour, 100-hour and 200-hour moving average (MA) is biased towards the bear. The stochastic is diverging in favor of the bulls and the RSI is flashing oversold conditions.
  • The intraday rally could be seen, but will likely be short-lived. A daily close below 81.89 (61.8% Fib) would bolster already bearish daily chart technical setup: bearish outside-day reversal (July 19), RSI below 50.00, stochastic falling.

Hourly chart

Spot Rate: 82.00

Daily High: 82.28

Daily Low: 81.81

Trend: Dead cat bounce likely


R1: 82.14 (previous day’s low)

R2: 82.60 (5-day moving average)

R3: 82.90 (10-day moving average)


S1: 81.89 (61.8% Fib)

S2: 81.03 (May 30 low)

S3: 80.63 (June 19 low)