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  • The Aussie has plunged against the safe-haven Yen as risk aversion takes over broader markets.
  • AUD traders are looking towards Tuesday’s China data dump, hoping for a pick-up to start rebuying.
  • Current market tensions have seen the AUD/JPY dip into a new low for 2018.

AUD/JPY Chart, 15-Minute

Spot rate:   80.37
Relative change:   -0.10%
High:   80.55
Low:   80.35
   
Trend:   Bearish
   
Support 1:   80.35 (current day low)
Support 2:   79.98 (current week low; major technical bottom)
Support 3:   79.00 (major technical barrier)
   
Resistance 1:   80.84 (current week high)
Resistance 2:   81.05 (38.2% Fibo retracement level)
Resistance 3:   81.97 (previous week high)