AUD/JPY fades bounce off 77.49 even as MACD signals dim the bearish bias. Key SMAs limit downside, multiple highs marked since December 11 tests the bulls. AUD/JPY seesaws around 78.33/40 during the initial Asian trading on Tuesday. In doing so, the quote fails to extend its corrective recovery from 100-bar SMA earlier than the multiple highs marked recently. Considering the lesser bearish signals from the MACD, AUD/JPY may keep attacking the short-term horizontal resistance around 78.78/82. It should also be noted that the late April 2019 high near 78.95 and the 79.00 are additional upside hurdles to tackle for the pair buyers ahead of eyeing the 80.00 threshold. Meanwhile, a downside break f 100-bar SMA, at 77.80 now, will highlight the 200-bar SMA level of 77.00 before driving AUD/JPY sellers to the late-November lows near 76.45. However, the AUD/JPY bulls are less likely to relinquish their controls until the quote drops below November 19 low near 75.40. 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 UK mulls January school closures amid fears children will spread new Covid-19 strain – Telegraph FX Street 2 years AUD/JPY fades bounce off 77.49 even as MACD signals dim the bearish bias. Key SMAs limit downside, multiple highs marked since December 11 tests the bulls. AUD/JPY seesaws around 78.33/40 during the initial Asian trading on Tuesday. In doing so, the quote fails to extend its corrective recovery from 100-bar SMA earlier than the multiple highs marked recently. Considering the lesser bearish signals from the MACD, AUD/JPY may keep attacking the short-term horizontal resistance around 78.78/82. It should also be noted that the late April 2019 high near 78.95 and the 79.00 are additional upside hurdles to tackle for 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.
