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AUD/JPY Rallies To Test Important Resistance Level

posted by Avatar jonell 716 days ago in JPY, AUD made popular 716 days ago

Since breaking lower on the 5th of this month, AUD/JPY has been below its 15-day MA. The 50% retracement of the second leg fall from 84.50 to 81.90 comes in at the same level which is at 78.15 and that, along with Fridays’ high of 78.00, should pose some serious resistance for the pair.
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