From Monday, the AUDJPY price is testing support/resistance at 81.75. Today, at night, it seemed that the wave of reaction to the RBNZ meeting could finally push the pair up, but there was a quick retreat and the situation is again at the starting point. Until there is a definite rebound from this level, one can not talk about the continuation of increases. The possibility of declines should also not be ruled out.
On September 9, the upward sentiment on AUDJPY began. The price first went through the round level of 80.00 without major problems, tested it from the top, and then moved north and beat 81.75. It has consolidated slightly above this level since Monday’s downward gap.
If there are any increases, the next target for the bulls will be around 83.60, which can be seen in the wider view of the chart. If there are falls, we can expect a pullback to around 80.00.
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