AUD/JPY continues to post higher peaks and higher troughs within an upward sloping channel since late August.
AUD/JPY has been posting higher peaks and higher troughs in recent months, above an uptrend line drawn from the lows of August.
AUD/JPY stretched to a fresh 3 ½-month high of 75.65 and near the 200-day simple moving average (SMA) on Thursday.
AUD/JPY buyers are currently encountering a crucial resistance level at 74.48, after surpassing the Ichimoku cloud.
AUD/JPY’s drop seems to have lost steam near the lower boundary of the Ichimoku cloud.
The ever-escalating trade conflict between Washington and Beijing has left deep scars on the aussie.
Selling interest is continuing in the AUD/JPY market, remaining below the 20-day simple moving average (SMA).
Selling interest is continuing in the AUD/JPY market, pushing the price towards a new four-month low of 75.37.
AUD/JPY opened with a negative gap today, reaching a new four-month low of 76.77.
AUD/JPY advanced considerably on Friday, jumping above the sideways channel of 77.40 – 79.80 and posting a new four-month high around 80.50.