The seven-day long descending trend-channel, 200-HMA act as strong resistances for AUD/JPY. RSI divergence also adds doubts to the quote’s recent recovery. The AUD/JPY pair’s latest recovery is likely to be challenged by short-term falling channel, RSI divergence as it trades near 75.12 during the early Asian session on Tuesday. While a downward-sloping trend-line from Friday, at 75.13, acts as an immediate upside barrier, pair’s broad moves will be questioned by the descending trend-channel resistance, at 75.22 now. Increasing the odds of a pullback is divergence on the 14-bar relative strength index (RSI) when observed the lower prices from Friday but comparatively higher RSI levels. As a result, pair’s U-turn to 75.00 and the latest low near 74.90 can well be expected whereas the channel support around 74.66 could confine following declines. Alternatively, an upside break of 75.22 resistance can trigger fresh upside towards 200-hour moving average (HMA) level of 75.61. AUD/JPY hourly chart Trend: Pullback expected 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 Gold remains on a back foot around $1425 amid mixed market sentiment FX Street 4 years The seven-day long descending trend-channel, 200-HMA act as strong resistances for AUD/JPY. RSI divergence also adds doubts to the quote's recent recovery. The AUD/JPY pair's latest recovery is likely to be challenged by short-term falling channel, RSI divergence as it trades near 75.12 during the early Asian session on Tuesday. While a downward-sloping trend-line from Friday, at 75.13, acts as an immediate upside barrier, pair's broad moves will be questioned by the descending trend-channel resistance, at 75.22 now. Increasing the odds of a pullback is divergence on the 14-bar relative strength index (RSI) when observed the lower prices from Friday… 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.
