AUD/JPY continues yesterday's plummet following RBA rate hold

• AUD/JPY continues its wipeout, testing below 85.20.
• RBA rate hold widely expected, risk-off continues.

AUD/JPY continues to slip, down below 85.20 as of writing. The Aussie found little support following the RBA's decision to hold rates where they are, a widely anticipated move by the markets.

With the RBA rate decision out of the way, traders can expect the broader market sentiment to continue to play out on the charts, with risk aversion sending safe haven assets like the Yen into the stratosphere while risk assets, like the AUD, sink into the dirt.

AUD/JPY Technicals

A bullish turnaround for AUD/JPY will face resistance at the recent swingpoints of 85.35, and 85.65 just above it; a bearish continuation has little to stop it, with price barreling towards last November's low point of 84.30.

Today's pivot points:
R2: 88.05
R1: 86.98
PP: 86.44
S1: 85.36
S2: 84.82