The Aussie dollar recovered against the Yen and resistance into the 80-80.10 region is under pressure as price is consolidating pips away from it since yesterday. A break out seems possible, opening 82 in case it occurs. On the lower side, support is formed by the downward trend line which provided resistance since January. 81.20 is in focus while maintaining the bid tone – barrier formed by the median retracement of the full decline from 86.20 to 76.20.
Current quote is 79.97 @07:00 GMT
Support: 79.50, 79.00 and 78.50/60
Resistance: 80.00/10, 80.50 and 81.00/20
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