AUD/JPY fades recovery moves from 76.44 ahead of the key Aussie employment data. Bearish MACD, break of 200-bar SMA keeps the sellers hopeful. Bulls will wait for a clear break of short-term resistance line before taking entries. AUD/JPY eases from 76.71 to 76.65 during the early Thursday morning in Asia. In doing so, the aussie cross marks failures to extend pullback from an upward sloping trend line from July 30 ahead of Australia’s August month employment data. Read: Australian Employment Preview: Victoria’s lockdown taking its toll on employment While 200-bar SMA, at 76.71, could be considered as the major upside barrier, for now, bearish MACD also stops the bulls from retaking the controls. As a result, AUD/JPY sellers await a clear downside break of the multi-day-old support line, currently around 76.50, for fresh entries. Following that, the monthly low near 76.20 and the August 20 bottom surrounding 75.60 will gain market attention. On the contrary, the pair’s ability to cross the crucial SMA level of 76.71 may help AUD/JPY buyers to regain 77.00 but a descending trend line from August 31, close to 77.35, will be important to watch afterward. Should the AUD/JPY prices manage to clear 77.35 resistance, the 78.00 threshold and the monthly high near 78.35 could return to the charts. AUD/JPY four-hour chart Trend: Bearish 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 Pres. Trump: We are getting closer to a deal on coronavirus relief FX Street 2 years AUD/JPY fades recovery moves from 76.44 ahead of the key Aussie employment data. Bearish MACD, break of 200-bar SMA keeps the sellers hopeful. Bulls will wait for a clear break of short-term resistance line before taking entries. AUD/JPY eases from 76.71 to 76.65 during the early Thursday morning in Asia. In doing so, the aussie cross marks failures to extend pullback from an upward sloping trend line from July 30 ahead of Australia’s August month employment data. Read: Australian Employment Preview: Victoria’s lockdown taking its toll on employment While 200-bar SMA, at 76.71, could be considered as the major upside barrier,… 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.