AUD/JPY Technical Analysis: Corrective rally stalled at 50-hour MA
|- The AUD/JPY pair created gravestone doji-like pattern, which indicates the corrective rally from the low of 80.63 has likely run out of steam at the falling (bearish) 50-hour moving average (MA).
- The broader outlook remains bearish as indicated by the bear flag breakdown in the daily chart.
Hourly chart
Daily chart
Spot Rate: 81.40
Daily High: 81.59
Daily Low: 80.99
Trend: Bearish
Resistance
R1: 81.57 (50-hour MA)
R2: 81.94 (5-day MA)
S3: 82.16 (100-hour MA)
Support
S1: 80.99 (session low)
S2: 80.63 (previous day's low)
S3: 80.50 (March 23 low)
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