Everything the Traderforum community is saying about $AUDJPY. Real ideas, analysis and live bull/bear sentiment — free and open.
That CPI print was a bit hotter than expected for AUD, yet $AUDJPY still struggling to hold gains. We're testing that 111.35 support again. If it breaks, could see a decent pullback given how much the RBA has been trying to manage expectations. Keeping an eye on 110.80 as the next key level.
Noticed a potential bearish divergence on the 4-hour $AUDJPY chart. Price has put in higher highs around 98.40-98.50, but the RSI has printed lower highs, suggesting waning momentum. Volume on these last pushes higher has also been fairly subdued. Anyone else seeing this develop, and if so, how are you weighting it against the broader bullish trend? Considering a small hedge or reduction in long exposure around current levels, targeting a retest of the 97.80 support. Thoughts?
Seeing $AUDJPY approach the 111.00 - 111.20 zone again. This area has shown some responsiveness in the past, and a bounce here could indicate a continuation of the short-term uptrend. However, a decisive break and close below 110.80 would invalidate that idea for me, suggesting further downside is more likely.
