Market Focus: AUDJPY

เมษายน 1, 2020
by Joseph Jeffriess, Market Analyst

Today’s video report

Is the AUDJPY setting up for a new attempt to move lower? After yesterday’s lower close buyers appear to have put up some fight so far today. Resistance was once again reconfirmed overnight showing seller numbers. Price continues to hold in consolidation above new forming support. In our video below we run over all the factors we’re watching from both sides, (buyers/sellers) confirmation we’re looking for and price moves to look out for which could inevitably suggest that further consolidation is developing.

Daily/4H chart support and resistance to watch

Support – 65.50 – 65.73

Resistance – 66.75 – 66.55

Market Update Video

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