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  • AUD/JPY flirts with 79.00 during early Tuesday.
  • Having reversed from 79.35-40 horizontal-resistance during Monday, the quote dropped to test support-line of an ascending trend-channel formation established since March 08.
  • The formation support near 79.00 round-figure becomes an immediate important support for the sellers to watch as a break of which can drag the quote down to 50% Fibonacci retracement level of 78.70 whereas 78.40/35 and 78.15 likely entertaining bears afterward.
  • During pair’s additional weakness under 78.15, 77.90 and 77.70 could regain market attention.
  • On the contrary, 79.20 may limit nearby upside prior to shifting the focus back on 79.35/40 area comprising highs marked during recent two weeks.
  • Given the pair’s ability to cross 79.40, current month high around 79.65, followed by channel-resistance of 79.80 and 80.00 mark could please buyers.

AUD/JPY hourly chart

Additional important levels:

Overview:
       Today Last Price:  79.09
       Today Daily change: 12  pips
       Today Daily change %:  0.15%
       Today Daily Open:  78.97
Trends:
       Daily SMA20:  78.97
       Daily SMA50:  78.62
       Daily SMA100:  79.7
       Daily SMA200:  80.53
Levels:
       Previous Daily High:  79.25
       Previous Daily Low:  78.85
       Previous Weekly High:  79.25
       Previous Weekly Low:  77.91
       Previous Monthly High:  79.85
       Previous Monthly Low:  77.44
       Daily Fibonacci 38.2%:  79.1
       Daily Fibonacci 61.8%:  79
       Daily Pivot Point S1:  78.8
       Daily Pivot Point S2:  78.62
       Daily Pivot Point S3:  78.4
       Daily Pivot Point R1:  79.2
       Daily Pivot Point R2:  79.42
       Daily Pivot Point R3:  79.6