- AUD/JPY may have a tough time scaling resistance at 83.04 – 61.8 percent Fibonacci hurdle of 84.54-80.63, courtesy of the bearish divergence of the hourly relative strength index (RSI).
- But, 14-day RSI has turned bullish (above 50.00), so dips will likely be short-lived.
Hourly chart
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Spot Rate: 83.00
Daily High: 83.05
Daily Low: 82.68
Trend: Mildly bearish
R1: 83.04 (61.8 percent Fibonacci retracement)
R2: 84.16 (June 12 high)
R3: 84.54 (June 7 high)
Support
S1: 82.68 (session low)
S2: 82.53 (100-day moving average)
S3: 82.20 (5-day moving average)
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