Short AUDJPY
Monthly
1. Crossed bearish
Weekly
1. Bearish
2. Rejected off R zone confluence of 20 EMA and .382 fib retracement
Daily
1. Bearish candle from R zone
2. Last candle closed below 20 EMA
There is a monthly support zone at 82.179 which we need to watch and price retraced back to the same level from the previous swing low, but each time it gets to this price level it is rejected.
AUD is showing weakness at the moment, which could lend momentum to the downside in line with overall direction
1. Crossed bearish
Weekly
1. Bearish
2. Rejected off R zone confluence of 20 EMA and .382 fib retracement
Daily
1. Bearish candle from R zone
2. Last candle closed below 20 EMA
There is a monthly support zone at 82.179 which we need to watch and price retraced back to the same level from the previous swing low, but each time it gets to this price level it is rejected.
AUD is showing weakness at the moment, which could lend momentum to the downside in line with overall direction
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