AUD/JPY stays positive while extending the previous day’s gains. A descending trend line from November 2019 adds to the resistance. Bearish MACD will gain sellers’ attention on the downside break of 70.30. AUD/JPY gains 0.06% to 71.25 during the early Thursday’s Asian session. In doing so, the pair holds onto its recovery from a multi-year low while rising towards a confluence of October 2019 low and 10-day EMA. Other than 71.70/75 immediate resistance confluence, a downward sloping trend line since November 2019, at 72.05 also acts as the key upside barrier for the pair. Should there be a clear run-up beyond 72.05 on a daily closing basis, the quote gets the power to challenge the early-February lows near 73.05. Alternatively, 70.30 and 70.00 could entertain short-term sellers ahead of highlighting the importance of March 2009 levels surrounding 68.50 as supports. It’s worth mentioning that the MACD is flashing bearish signals and hence any more upside should be watched with caution. AUD/JPY daily chart Trend: Pullback expected FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Senate Grassley says sees a chance of ‘getting some results’ in trade talks with EU FX Street 3 years AUD/JPY stays positive while extending the previous day’s gains. A descending trend line from November 2019 adds to the resistance. Bearish MACD will gain sellers’ attention on the downside break of 70.30. AUD/JPY gains 0.06% to 71.25 during the early Thursday’s Asian session. In doing so, the pair holds onto its recovery from a multi-year low while rising towards a confluence of October 2019 low and 10-day EMA. Other than 71.70/75 immediate resistance confluence, a downward sloping trend line since November 2019, at 72.05 also acts as the key upside barrier for the pair. Should there be a clear run-up… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
