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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved.

AUD/USD bounces off support while EUR/JPY, USD/JPY range trade

​​​AUD/USD bounces off support while EUR/JPY, USD/JPY range trade​ with a slight bullish bias.​

AUD/USD Source: Adobe images

​​AUD/USD finds support

AUD/USD recovers from its current November low at $0.6435 and aims for Monday's high at $0.6549. Further up the September-to-November downtrend line can be seen at $0.6571. Minor support sits at Friday's $0.6472 low.

​​AUD/USD daily chart

AUD/USD chart Source: TradingView
AUD/USD chart Source: TradingView

EUR/JPY remains above support

EUR/JPY remains above Friday's ¥159.91 low and targets the 55-day simple moving average (SMA) at ¥162.31. Further up lies the ¥163.60 October peak.

EUR/JPY daily chart

EUR/JPY chart Source: TradingView
EUR/JPY chart Source: TradingView

USD/JPY range trades

USD/JPY still range trades below its late May high at ¥157.70 while staying above last week's low at ¥153.29.

Slightly below it lies minor support at the 23 October high at ¥153.19 with the 200-day SMA slithering around the ¥151.95 level. While ¥153.29 holds, last week's high at ¥155.88 remains in play.

USD/JPY daily chart

USD/JPY chart Source: TradingView
USD/JPY chart Source: TradingView

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