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FxWirePro: AUD/JPY rejected at session lows, finds strong support at 84.60

Wednesday, April 20, 2016 10:52 AM UTC

AUD/JPY finds strong support by 5-DMA at 84.60, pair has held support and edged higher to currently trade at 85.28.
Technicals on daily charts point to furher gains. Pair on track to test next hurdle at 85.87 (double top Mar 17th and 23rd).
RSI strength seen at 57 levels with further room to run. Stochs are biased north and MACD line has shown a bullish crossover on signal line.
Traders to track sentiment across markets with focus on inventories data today and Australia NAB business confidence on Thursday.

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FxWirePro: AUD/JPY rejected at session lows, finds strong support at 84.60

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