Price trend of AUD/JPY is same as NZD/JPY, It has also entered support zone and trading at its 11 years low price. There is chances of reversal if price breaks the level of 65.54, then it may enter into a new up trend. If the price starts a new up trend then its closest target and resistance level will be at 68.74.

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Rishikesh Lilawat

Rishikesh Lilawat
Rishikesh Lilawat

Rishikesh Lilawat has over seven years of experience in trading Forex and commodities markets, out of which three years in two investment banks as a professional Forex and commodities trader. He holds an M.B.A degree in finance and business analytics from the University of Pune. Realizing the central role of a trader and because of his personal and particular interest in trading, He built skills in market research, technical analysis, fundamental analysis, risk management, and fund management, etc and focus his efforts on communicating and sharing views on market trends and patterns.