AUDJPY near support zone

04 June 2021

AUDJPY is currently trading near the support of the upward sloping trend line indicating limited downside potential. The pair is also trading just above the lower Bollinger band supporting the above observation and indicating further upside potential. It is likely that AUDJPY could advance towards 84.75 and 85.20 while it sustains above 84.00.

Prepared by
Technical Analysis Team

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