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AUD/JPY consolidating the downside on key support

FXStreet (Guatemala) - AUD/JPY is currently trading at 83.75 with a high of 84.74 and a low of 83.66.

AUD/JPY is turning lower below the hourly MA's and is trading below the psychological 84 handle while equities are taking a beating in a bearish opening to the European and US markets at the last week of the month. We have plenty of risk events to cater for this week, including Nonfarm Payrolls on Friday.

AUD/JPY levels

Technically, AUD/JPY is trading below the 200, 50 and 20 SMA on the hourly chart and is garnering a little support at 83.80 with the 20 DMA at 84.78 as near term key resistance on a recovery. MACD is heading towards its mid-line on the daily and four-hour chart and less negative on the hourly as consolidation is taking fold. Next support comes at 83.40 and 82.90.

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