AUD/JPY approaches multi-month highs at 71.90 buoyed by a positive market mood. The pair faces an important resistance area at 72.05/15. The Australian dollar has retraced Wednesday’s losses and appreciated about 0.5% through the day to return towards the upper range of 0.7100. The pair has been buoyed by the risk-on mood on hopes of a post-COVID-19 recovery as the main economies re-open, which has weighed the safe-haven yen. Daily charts show the AUD/JPY trading just a handful of pips below 2, ½-month highs, at 71.90 and approaching a key resistance hurdle, where the trendline resistance from March 25 high meets the 200-day SMA at 72.05/15. A daily close above here might increase buying pressure, pushing the aussie towards 72.45 (Jan. 31 low) and 73.10/15 (Feb 7, 18 lows). On the downside, immediate support lies at 70.80/00 (May 27 low, intra-day low) and below here, the 100-day SMA at 70.30 before 70.00 psychological level. AUD/JPY daily chart AUD/JPY key levels to watch 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 Fed’s Kaplan: Downside risks to forecast remain without ramped-up testing FX Street 3 years AUD/JPY approaches multi-month highs at 71.90 buoyed by a positive market mood. The pair faces an important resistance area at 72.05/15. The Australian dollar has retraced Wednesday’s losses and appreciated about 0.5% through the day to return towards the upper range of 0.7100. The pair has been buoyed by the risk-on mood on hopes of a post-COVID-19 recovery as the main economies re-open, which has weighed the safe-haven yen. Daily charts show the AUD/JPY trading just a handful of pips below 2, ½-month highs, at 71.90 and approaching a key resistance hurdle, where the trendline resistance from March 25 high meets… 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.
