AUD/JPY seesaws near three-week low. A sustained break of the previous support, 200-day SMA keep sellers hopeful. An ascending trend line from October 2019 acts as the near-term key support. AUD/JPY stays in the choppy range between 73.05 and 73.17, currently at 73.10, amid the initial Asian trading hours on Tuesday. In doing so, the quote nears the lowest levels last seen on February 04 while keeping its fall below 200-day SMA and an ascending trend line from September 2019. As a result, the bears are aiming for further downside, which in turn highlights a rising support line from October around 72.60 as the near-term strong support. However, sellers will wait for the lows below 73.00 round-figure for fresh entry. Should AUD/JPY prices remain weak below 72.60, 72.00 and October 2019 bottom close to 71.70 will be in focus. On the upside, 200-day SMA and the aforementioned support-turned-resistance can question the pair’s short-term pullbacks around 74.20 and 74.75. Also challenging the bulls is a downward sloping trend line connecting highs marked during December 2019 and January 2020 that stands around 75.70 now. 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 Expert score 5 Etoro - Best For Beginner & Experts0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 5 Read Review Open My Free Account Your capital is at risk. FXStreet News share Read Next The longest-running TV series in the world gives cryptocurrencies mainstream exposure FX Street 2 years AUD/JPY seesaws near three-week low. A sustained break of the previous support, 200-day SMA keep sellers hopeful. An ascending trend line from October 2019 acts as the near-term key support. AUD/JPY stays in the choppy range between 73.05 and 73.17, currently at 73.10, amid the initial Asian trading hours on Tuesday. In doing so, the quote nears the lowest levels last seen on February 04 while keeping its fall below 200-day SMA and an ascending trend line from September 2019. As a result, the bears are aiming for further downside, which in turn highlights a rising support line from October… Top 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.
