AUD/JPY Fades from Former Support
Technically, the Aussie is showing signs of meaningful deterioration across a number of pairs.
Both AUD/JPY and AUD/USD have stalled into former support turned resistance areas and are threatening their uptrends from their January lows. AUD/CAD is garnering greater attention now that it appears to be on the verge of breaking both a longer-term multi-week uptrend as well as a more recent symmetrical triangle consolidation.
Click the link for technical considerations (video) in other AUD-crosses.
Both AUD/JPY and AUD/USD have stalled into former support turned resistance areas and are threatening their uptrends from their January lows. AUD/CAD is garnering greater attention now that it appears to be on the verge of breaking both a longer-term multi-week uptrend as well as a more recent symmetrical triangle consolidation.
Click the link for technical considerations (video) in other AUD-crosses.
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