9 Nov 2016
AUD/JPY struggles above 81.00, Exit polls results continue to swing
The AUD/JPY cross, a risk barometer, is seen recovering ground, although struggles to extend above 81 handle, as recovery in risk sentiment stalls sharply after Trump is seen fighting back the lead in major cities of Florida, with 50% of votes counted.
The cross in the AUD/JPY closely tracks USD/JPY for any developments in the risk-associated space, in light of the election results trickling in.
Technical Levels
Higher side: 82 (zero figure), 82.66 (daily R2)
Lower side: 80.46 (daily S1/ 5-DMA), 79.73 (20-DMA)