AUDJPY 89.61: 6.5-year rising trendline breakdown projects lower
AUDJPY slumped through 6.5-year rising trendline (from February 2, 2009 low) to threaten the 89.36 year-to-date low (February 3, 2015). Below lies the support levels including 88.24 and 86.41 (as shown on the 240minute chart). The 91.40/92.01 resistance zone should cap bounces. Only a decisive break through 92.01 would relieve.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.