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AUD/USD stabilizes while EUR/JPY, USD/JPY slip ahead of US employment data​​​

​​​AUD/USD stabilizes while EUR/JPY, USD/JPY slip ahead of US ADP employment release on Thursday and non-farm payrolls on Friday.​​

AUD Source: Adobe images
City Motion Forex Japanese yen USD/JPY EUR/JPY AUD/USD
Written by: Axel Rudolph | Market Analyst, London
Publication date:

​​​AUD/USD stabilizes

AUD/USD is holding above Wednesday's low at $0.6686. Further potential support can be seen around the 55-day simple moving average (SMA) at $0.6667. ​Minor resistance remains to be seen around the 27 August low at $0.6762.

AUD/USD chart Source: TradingView.com
AUD/USD chart Source: TradingView.com

​EUR/JPY tumbles

EUR/JPY comes further off Monday's ¥162.89 high and probes the 7 February low at ¥158.92. Further down lies the ¥158.08 February low. The ¥160.00 region should now act as minor resistance.

EUR/JPY chart Source: TradingView.com
EUR/JPY chart Source: TradingView.com

​USD/JPY drops

USD/JPY continues to slide towards the ¥141.70 early August low while no rise above Wednesday's high at ¥145.55 is seen.

USD/JPY chart Source: TradingView.com
USD/JPY chart Source: TradingView.com

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