Technical analysis of AUD/JPY 06/19/2020

AUD/JPY on the daily chart moves in the upward channel. The pair found resistance at 76.76 from which it rolled back to the lower border of the channel to the area of 72.50 (23.6% Fibo and MA200). Currently, the price is consolidating in the 73.00 zone. The technical picture suggests that the downward correction will continue to the area of 70.20 (38.2% Fibo and MA100). Cancellation of the downward correction option will be a growth above the last maximum of 76.76.

AUDJPY_STPDaily

Created by Joshua Hayn

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