AUDJPY Chart Technical Outlook under pressure due to weak data from China, AUD/JPY broad bias is bullish. Prices broke above a falling trendline but stalled at a previous week’s high from mid-August, alongside overbought conditions in the 4H RSI.
The weak data from China today weighed on risk sentiment and AUD.
The pair traded in a bullish channel since last week. It is not invalidated yet, and I expect dips to find buyers. Soft PCE data today would help bulls build more positions.
Resistances: 95.00, 95.60
Supports: 94.10, 93.50