AUD/USD, EUR/JPY and USD/JPY continue their ascents
Outlook on AUD/USD, EUR/JPY and USD/JPY post FOMC minutes.
AUD/USD continues to rise
AUD/USD’s still flirts with the 200-day simple moving average (SMA) at $0.6562 amid positive divergence on the daily relative strength index (RSI).
The next upside target is the $0.661 to $0.6633 region which consists of the late January and early February highs and the 55-day SMA once this week's high at $0.6579 has been exceeded. Minor support is found in the $0.6543 to $0.6522 area.
EUR/JPY continues its ascent
EUR/JPY is gunning for the ¥163.72 late November high and is being supported by its accelerated uptrend line at ¥162.25. Below it lies minor support at the ¥161.86 January high.
Upside pressure should remain in play while the 13 February high at ¥161.63 and, more importantly, Thursday's low at ¥160.92, underpin.
USD/JPY stays bullish while above ¥149.54
USD/JPY remains side-lined around the minor psychological ¥150.00 mark. An advance above its four-month high at ¥150.88 would be targeting the October-to-November record highs at ¥150.91-94.
If last Thursday's ¥149.54 low were to give way, however, the ¥148.89-80 support zone would be back in sight.
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