Last time we looked at AUD/JPY, we noted that it was sliding, but also had a key support area coming up. As price slides to 82.00, the market is now testing the key support area. AUD/JPY Daily Chart(click to enlarge)Support:- The daily chart shows that around 82, price is testing 3 factors.1) The 200-day simple moving average2) A rising trendline3) A previous resistance that could turn into support.- Furthermore, the RSI is now below 30. This suggests the market is oversold if the prevailing trend was bullish. Indeed, MGM has been bullish since July last year. - I think we can anticipate here around 82. - Those with patience might even wait to see if price will form a bullish divergence with the daily RSI. If it does, we would have even more reason to believe that a bullish swing is due.