AUD/JPY sellers struggle to ignore oversold RSI conditions, signaling a pullback to immediate resistances. 73.92/84 becomes a key support area in the case of further declines. Having slipped beneath 21-day EMA and early-month low, the AUD/JPY pair clings to a five-week low as it trades near 74.6640 during the early Asian session on Wednesday. While a break of key supports favors the pair’s further declines, oversold conditions of 14-day relative strength index indicate a bounce to challenge July 03 bottom, around 75.13, ahead of confronting the 21-day exponential moving average (EMA) level of 75.38. It should, however, be noted that the quote’s upside past-75.38 becomes tough due to the presence of 50-day EMA and 38.2% Fibonacci retracement of December 2018 to January 2019 drop occupying 75.73/80 region. On the contrary, pair’s extended south-run can avail 74.40 and June 20 low near 74.13 as intermediate halts prior to visiting 73.92/84 crucial support area that encompasses June month trough and 23.6% Fibonacci retracement level. AUD/JPY daily 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 GBP/USD skidding along the bottom of the recent sell-off(s), bears eye below 1.20 the figure FX Street 4 years AUD/JPY sellers struggle to ignore oversold RSI conditions, signaling a pullback to immediate resistances. 73.92/84 becomes a key support area in the case of further declines. Having slipped beneath 21-day EMA and early-month low, the AUD/JPY pair clings to a five-week low as it trades near 74.6640 during the early Asian session on Wednesday. While a break of key supports favors the pair's further declines, oversold conditions of 14-day relative strength index indicate a bounce to challenge July 03 bottom, around 75.13, ahead of confronting the 21-day exponential moving average (EMA) level of 75.38. It should, however, be noted that… 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.
