AUD/JPY downside playing out to key support

By FXStreet FXStreet (Guatemala) – AUD/JPY is currently trading at 84.14 with a high of 84.35 and a low of 84.06.

AUD/JPY’s downside was extended and is making lower highs, supported at current levels, but pressured by the 20 SMA and remains better offered within the recent bearish trend from the halfway mark on the 85 handle.

Liquidity returns ion Tokyo today and risk was negative at last week’s close, while today’s performances on Wall Street may well be mirrored favouring the downside in the cross with the Chinese data in the Caixin manufacturing reading for September yesterday continues to weigh on the outlook for Global growth.

AUD/JPY downside levels

Downside headwinds continue to be felt below the 50/200 SMA bearish cross at 85.80 region. Support at current levels guards 83.30 region and recent lows ahead of 82.11 September lows.
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Source:: FX Street