AUD/JPY wavers in a choppy range above 78.50. MACD dwindles inside a bullish chart pattern, 21-day SMA adds strength to the channel’s support. AUD/JPY seesaws in a five-pip range near 78.70 during the early Tuesday morning in Asia. The quote refreshed the highest levels since late-April 2019 the previous day before stepping back from 78.88. Although holiday-thinned trading weighs on the MACD signals, an upward sloping trend channel formation since November 09 keeps the AUD/JPY buyers hopeful. It should, however, be noted that the 79.00 becomes the tough nut to crack for the bulls ahead of confronting the early 2019 tops near 79.80 and the 80.00 psychological magnet. Meanwhile, the support line of the stated channel joins 21-day SMA to stop the bears around 78.10. Also acting as the strong downside support is the December 21 low near 77.50. In a case where the AUD/JPY sellers dominate past-77.50, a 50-day SMA close to 76.60 should gain the market’s attention. AUD/JPY daily 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 Breaking: Coinbase will suspend trading of XRP in January FX Street 2 years AUD/JPY wavers in a choppy range above 78.50. MACD dwindles inside a bullish chart pattern, 21-day SMA adds strength to the channel’s support. AUD/JPY seesaws in a five-pip range near 78.70 during the early Tuesday morning in Asia. The quote refreshed the highest levels since late-April 2019 the previous day before stepping back from 78.88. Although holiday-thinned trading weighs on the MACD signals, an upward sloping trend channel formation since November 09 keeps the AUD/JPY buyers hopeful. It should, however, be noted that the 79.00 becomes the tough nut to crack for the bulls ahead of confronting the early 2019… 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.
