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  • Failure to cross 50-day simple moving average (SMA) on daily chart, coupled with disappointing China trade balance data, seems dragging the AUD/JPY pair currently towards south on early Friday.
  • Sellers look for 77.70 as an important level as it shows a confluence between an upward slopping trend-line connecting lows since January 07 and 23.6% Fibonacci retracement level of its January – February moves.
  • Should the pair drops under 77.70, it can quickly test 77.00 and head to 76.00 rest-point then after.
  • However, 75.30/25 may limit the pair’s further downside.
  • It’s worth pointing out that 14-bar relative strength index (RSI) is in the oversold territory and failure to break 77.70 can trigger the quote’s pullback to the 50-day SMA level of 78.40.
  • In case prices rally beyond 78.40, descending trend-line at 78.95, followed by 79.00 and 79.35, can please the Bulls.

AUD/JPY 4-Hour chart

Additional important levels:

       Today Last Price:  78.02
       Today Daily change:  22  pips
       Today Daily change %:  -0.28%
       Today Daily Open:  78.24
       Daily SMA20:  78.86
       Daily SMA50:  78.39
       Daily SMA100:  79.76
       Daily SMA200:  80.67
       Previous Daily High:  78.76
       Previous Daily Low:  78.15
       Previous Weekly High:  79.79
       Previous Weekly Low:  78.91
       Previous Monthly High:  79.85
       Previous Monthly Low:  77.44
       Daily Fibonacci 38.2%:  78.38
       Daily Fibonacci 61.8%:  78.53
       Daily Pivot Point S1:  78
       Daily Pivot Point S2:  77.77
       Daily Pivot Point S3:  77.39
       Daily Pivot Point R1:  78.62
       Daily Pivot Point R2:  78.99
       Daily Pivot Point R3:  79.23