AUD/USD drops sharply while EUR/JPY, USD/JPY rally
AUD/USD trades in four-month lows while EUR/JPY, USD/JPY rally amid an appreciating US dollar.
AUD/USD in free fall
AUD/USD drops towards the August low at $0.6349. Minor resistance sits at the 78.6% Fibonacci retracement at $0.6476 and at last week's $0.6513 low.
EUR/JPY stays above support
EUR/JPY remains above last week's ¥163.22 low but stays below the 200-day simple moving average (SMA) at ¥164.85 with the October peak at ¥166.68 remaining in sight.
Only failure at ¥163.22 would push the early September high at ¥162.90 and the mid-October low at ¥161.85 to the fore.
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