AUD/JPY recedes from 75.00 after mixed China data, measures to tame the virus outbreak. A short-term ascending trend line, trading beyond 200-bar SMA favor the bulls. Multiple upside barriers stand tall to challenge the optimists past-75.00. AUD/JPY drops to 74.83, down 0.06% on a day, during the early Thursday. Even so, the pair stays inside a bullish technical set-up above 200-bar SMA, which in turn suggests an additional upside of the quote. However, many resistances could offer a bumpy ride ahead. Other than the technical pullback from 75.00 round-figures, mixed data from China and Aussie policymakers’ efforts to tame the coronavirus (COVID-19) outbreak, coupled with the recent Hong Kong story. The pair’s latest pullback aims to revisit the weekly low near 74.50. Though, the support line of the said channel, around 74.30, followed by 200-bar SMA close to 73.90, could question the bears afterward. In a case where the AUD/JPY prices slip below 73.90, June 12 bottom of 72.52 will be on the sellers’ radars. AUD/JPY four-hour chart Trend: Bullish 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 Canadian Govt Official: Foreign ministers of Five Eyes group nations discussed HK on call FX Street 3 years AUD/JPY recedes from 75.00 after mixed China data, measures to tame the virus outbreak. A short-term ascending trend line, trading beyond 200-bar SMA favor the bulls. Multiple upside barriers stand tall to challenge the optimists past-75.00. AUD/JPY drops to 74.83, down 0.06% on a day, during the early Thursday. Even so, the pair stays inside a bullish technical set-up above 200-bar SMA, which in turn suggests an additional upside of the quote. However, many resistances could offer a bumpy ride ahead. Other than the technical pullback from 75.00 round-figures, mixed data from China and Aussie policymakers’ efforts to tame the… 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.
