Swift AUD/USD rally is taking a breather while EUR/JPY, USD/JPY stay side-lined
AUD/USD rally is taking a breather
AUD/USD's sharp rally off its $0.6349 low is still gunning for its July high at $0.6798. Minor support is now seen between the May peak at $0.6714 and the 12 June high at $0.6704.
Source: TradingView.com Source: TradingView.comEUR/JPY stays side-lined
EUR/JPY continues to range trade below the 200-day simple moving average (SMA) at ¥164.02 and above the ¥160.00 level. Further minor support is seen at the 12 August low at ¥159.83. Downside pressure should be maintained while the 200-day SMA caps.
Source: TradingView.com Source: TradingView.comUSD/JPY remains under pressure
USD/JPY's sharp drop from its ¥161.95 early July high to its ¥141.70 early August low has been followed by a bounce to last week's high at ¥149.40. From there it so far dropped to ¥144.46 with further downside looking probable.
Source: TradingView.com Source: TradingView.com