AUD/USD recovers from near 5-year low as EUR/JPY, USD/JPY stabilise
AUD/USD recovers from near 5-year low as EUR/JPY, USD/JPY stabilise amid President Trump 30-day Canada and Mexico tariff delay.
EUR/JPY bounces back
EUR/JPY's tumble to a near two-month low took it to ¥157.97 on Monday before recovering. Below this level minor support can be found around the ¥156.18 December low.
Minor resistance sits at the ¥160.90 early January low.
USD/JPY rises gingerly
USD/JPY still recovers from its late January ¥153.72 low and once more trades above its 55-day simple moving average (SMA) at ¥154.94 with Monday's ¥155.88 high and the late December low at ¥156.02 representing a possible upside target.
Support remains to be seen at the late January ¥153.72 low. If fallen through, the 200-day SMA at ¥152.77 may be reached next.
AUD/USD fights back
AUD/USD has fallen to levels last traded in April 2020 at $0.6088 on Monday. Below it lies the minor psychological $0.6000 support zone.
Resistance at Friday's $0.6237 high is currently being eyed.
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