Technical Analysis

AUDJPY is again increased and retests its 100 hour MA

The finger was pointed at that pair on the flash crash yesterday

The AUDJPY was blamed by many for the flash crash yesterday. The value tumbled all the best way all the way down to 70.93 from round 76.00.   Since then nevertheless, the pair has been transferring again increased.   

At present, the value is again retesting its 100 hour MA.  Trying on the chart above, that 100 hour MA stalled the rise on December 26th and once more on December 31 (albeit at increased ranges).  

The primary check is discovering the respectful sellers as threat may be outlined and restricted. On a break, these sellers could flip to consumers and search for the subsequent targets on the 76.60 after which the 200 hour MA at 77.29. Above that there’s an previous flooring at 77.512 from Dec 26 to Dec 31. 

ForexLive


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