Currently, AUD/JPY is trading at 67.98. Today started a new downtrend after breaking resistance and neckline at 68.35, the price is already moving towards its next support level at 66.98. We will consider this support level as our first target.

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Thank you,

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.