AUD/USD bounces off 13-month low while EUR/JPY, USD/JPY continue their ascent
AUD/USD bounces off 13-month low while EUR/JPY, USD/JPY continue their ascent into year-end.
AUD/USD bounces off 13-month low
AUD/USD's is seen bouncing off Wednesday's $0.6337 13-month low towards the October-to-December downtrend line at $0.6446.
Below $0.6337 lies the October 2023 low at $0.6271
EUR/JPY resumes ascent
EUR/JPY's rise off the August-to-December uptrend line at ¥156.18 has taken it to ¥160.69 with the 55-day simple moving average (SMA) at ¥162.35 being in focus, provided that Wednesday's low at ¥158.65 underpins.
If not, Monday's low at ¥157.87 and the ¥157.00 region may be revisited.
USD/JPY continues to rise
USD/JPY's advance has taken it above the 200-day SMA at ¥151.99 which now acts as minor support. Further down lies the 4 December high at ¥151.23.
Above this week's high at ¥152.86 beckons the 19 November low at ¥153.28.
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