AUD/JPY bears cheer the break of 50-day SMA around the lowest since August 03. Bearish MACD adds strength to the sellers’ confidence. Bulls need a clear break beyond July month’s peak for re-entry. AUD/JPY consolidates the losses nears the six-week lows while taking rounds to 75.60 amid the early Tuesday morning in Asia. The pair’s break of the 50-day SMA dragged to the lowest since August 03 while bearish MACD signals indicate further downside. Other than the 75.00 threshold, July 24 low near 74.85 can provide strong support for the pair ahead of the 100-day SMA level of 74.57. If at all the bears refrain from stepping near the multi-day lows, also comprising the key SMA, a confluence of 200-day SMA and 5% Fibonacci retracement of April-August upside near 72.90/85 will be crucial for AUD/JPY traders. Meanwhile, the pair’s pullback moves may target 50-day SMA, at 76.30 now, as immediate recovery but buyers may remain cautious until the quote cross July month’s high of 76.87. Following that 77.00 and September 10 peak surrounding 77.85/90 will appear on the bulls’ radars. AUD/JPY daily 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 Fed’s Bullard: Fed will be much less pre-emptive about hiking rates – Bloomberg FX Street 2 years AUD/JPY bears cheer the break of 50-day SMA around the lowest since August 03. Bearish MACD adds strength to the sellers’ confidence. Bulls need a clear break beyond July month’s peak for re-entry. AUD/JPY consolidates the losses nears the six-week lows while taking rounds to 75.60 amid the early Tuesday morning in Asia. The pair’s break of the 50-day SMA dragged to the lowest since August 03 while bearish MACD signals indicate further downside. Other than the 75.00 threshold, July 24 low near 74.85 can provide strong support for the pair ahead of the 100-day SMA level of 74.57. If… 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.
