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CFDs are complex instruments. 72% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

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 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 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 chart Source: TradingView
USD/JPY chart Source: TradingView

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