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AUD/JPY Breaking Rising Trendline and 82.50 Support Pivot

Money Mind - Forex

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Old 03-05-2012, 12:01 AM
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Default AUD/JPY Breaking Rising Trendline and 82.50 Support Pivot

The daily AUD/JPY chart shows a market that is sliding below a rising trendline that goes back to Dec. 2011. Meanwhile, the recent consolidation support pivot at 82.50 is cracking as well. If the slide extends, the 200-SMA can provide brief support near the 81.00 handle, but a more important

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