The Australian Dollar has declined by 3.23% against the Japanese Yen since the beginning of July. The currency pair tested the 81.50 level during last week’s trading sessions.
Technical indicators suggest selling signals on the 4H and daily time-frame charts. Most likely, short-sellers could continue to drive the exchange rate lower during the following trading sessions.
However, bearish traders could encounter a support level at 81.13 within the following trading sessions.
