Yesterday’s sharp declines from the resistance level at 85.85 brought the exchange rate of AUD/JPY under the support line, which was led from the hole with a 9-March. It was also tested from the bottom, this time as an valid resistance.

If the price will remain under the trend line, chances are further declines, at least in the area of support at 83.90. Negation of pro-downward bias would turn closing prices above the supply candle with the long wick that tests mentioned resistance.

0324-AUDJPY


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