AUD/JPY bounces off a multi-week long falling trendline. 100-day SMA, 61.8% Fibonacci retracement question buyers amid bullish MACD. Despite taking a U-turn from resistance-turned-support, the AUD/JPY pair is yet to clear near-term key resistance-confluence as it takes the bids to 73.70 during early Monday morning in Asia. The pair respects bullish signal of 12-bar Moving Average Convergence and Divergence (MACD) while bouncing off a downward-sloping trend-line since late-July. However, bulls need a confirmation as 73.83/88 resistance area, comprising 100-day Simple Moving Average (SMA) and 61.8% Fibonacci retracement of July-August downpour, remains untouched. Should prices rally beyond 73.88 on a daily closing basis, September month high near 74.50 becomes buyers’ favorite whereas early-July lows close to 75.10/20 could question further upside. Alternatively, pair’s declines below the resistance-turned-support line of 73.58 highlight 50% Fibonacci retracement level of 73.13 as following rest. In a case where the pullback lasts longer below 73.13, 72.50 and monthly bottoms around 71.70 could lure bears. AUD/JPY daily chart Trend: pullback expected 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 Gold sellers cheer US-China trade optimism against all odds FX Street 4 years AUD/JPY bounces off a multi-week long falling trendline. 100-day SMA, 61.8% Fibonacci retracement question buyers amid bullish MACD. Despite taking a U-turn from resistance-turned-support, the AUD/JPY pair is yet to clear near-term key resistance-confluence as it takes the bids to 73.70 during early Monday morning in Asia. The pair respects bullish signal of 12-bar Moving Average Convergence and Divergence (MACD) while bouncing off a downward-sloping trend-line since late-July. However, bulls need a confirmation as 73.83/88 resistance area, comprising 100-day Simple Moving Average (SMA) and 61.8% Fibonacci retracement of July-August downpour, remains untouched. Should prices rally beyond 73.88 on a daily… 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.
