Prices for AUDJPY are currently testing a key support level on the larger time frame. On the H1 time frame, we are seeing a pullback to test its support zone at 82.424 in line with the 78.6% retracement before a bounce from here. 83.580 will be our first resistance target in line with the 61.8% retracement.

April 2023 Market Wrap
The US dollar fell below a key level of 102 in April. Economic data indicated patchy growth in different parts of the economy, with manufacturing