AUD/USD loses upside momentum while EUR/JPY, USD/JPY hover above support
AUD/USD loses upside momentum while EUR/JPY, USD/JPY hover above support as currency pairs stabilise.
AUD/USD loses upside momentum
Following AUD/USD's retracement from Friday's 0.6408 three-month high the cross seems to have resumed its advance towards the 12 December high at 0.6493. This should remain the case while last week's low at 0.6328 holds.
AUD/USD daily chart
EUR/JPY hovers above support
EUR/JPY decline from its 55-day simple moving average (SMA) at 160.93 has taken it all the way to Friday's 155.82 low, made between the December to February lows at 156.18 to 155.65.
The early February low at 157.97 may act as minor resistance, together with the 159.70 mid-January low while 155.82 underpins.
EUR/JPY daily chart
USD/JPY holds at support
USD/JPY fall from the 55-day SMA at 154.87 has so far taken the cross to 148.85, close to the 148.65 December low.
Minor resistance remains to be seen at the 150.93 early February low.
USD/JPY daily chart
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