The Japanese Yen is seen as a beneficiary of safe haven flows today, while the Antipodeans are struggling to make a comeback.
- Soft Caixin China Manufacturing PMI reigniting fears of a slowdown in China, dents risk appetite.
- AUD/JPY has broken below channel base support at 86.70 and is currently trading at 86.60, is down around 1.5 % on the session.
- Daily Stochs and RSI are biased lower, channel base breach opens to 85.31 68.1% Fib retrace of 81.97 to 90.72 rise.
- Immediate support is seen at 86.0 (Oct 14 lows), while resistance on the upside is located at 86.86 (Sept 18 high).
Recommendation: Good to sell rallies around 86.70 levels, SL: 87.55, TP: 85.40


Euro Bulls Retreat: EURUSD Faces Resistance at 1.1500 as Technical Indicators Signal Further Downside
FxWirePro: GBP/NZD uptrend loses momentum but bullish setup remains
FxWirePro: EUR/NZD loses momentum but bullish setup remains
Ethereum in Consolidation: ETH Trapped in Narrow Range as Bulls Await the USD 2,000 "Buy the Dip" Opportunity
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: GBP/USD slips to four-month low with plenty more downside potential
FxWirePro: EUR/ NZD loses momentum but outlook is bullish
FxWirePro: AUD/USD gains some ground but remains sensitive to Middle East tensions
Dollar Resurgence Propels USDCHF Above 0.8000: Technicals Signal Continued Bullish Momentum Toward 0.8150
AUDJPY Pullback Intensifies: Resistance at 110.00 Signals Short Opportunity
FxWirePro: USD/JPY stuck in narrow ranges amid intervention risks
FxWirePro: USD/ZAR loses momentum but outlook is bullish
FxWirePro: NZD/USD slides further as outlook continues to deteriorate
FxWirePro: EUR/AUD eases slightly but trend is still bullish 



